Hit by the ongoing economic slowdown, the sentiment of micro and small enterprises (MSEs) fell to a one-year low after the second quarter (July-September) of 2019-20, says a major quarterly survey.
According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1.
This represents a fall in sentiment for the third-straight quarter in a row. Developed jointly by ratings agency CRISIL & the Small Industries Development Bank of India (Sidbi), the survey maps business sentiment on a composite index of zero (extremely negative) to 200 (extremely positive).
Crucially,
According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1.
This represents a fall in sentiment for the third-straight quarter in a row. Developed jointly by ratings agency CRISIL & the Small Industries Development Bank of India (Sidbi), the survey maps business sentiment on a composite index of zero (extremely negative) to 200 (extremely positive).
Crucially,