The Union Ministry for Finance and Corporate Affairs launched CriSidEx, India’s first sentiment index for micro and small enterprises (MSEs) developed jointly by CRISIL (formerly Credit Rating Information Services of India Limited)& SIDBI(SIDBI- Small Industries Development Bank of India).
CriSidEx is a composite index based on a diffusion of 8 parameters and measures MSE business sentiment on a scale of 0 to 200.
Its readings will flag potential headwinds and changes in production cycles and thus help improve market efficiencies.