SIDBI, Crisil to launch CriSidEx

 

SIDBI (Small Industries Development Bank of India) and ratings agency Crisil signed an memorandum of understanding (MoU) to launch ‘CriSidEx’, a sentiment index for micro, small and medium enterprises (MSMEs) that will indicate the current state and expected outlook on the MSME sector every quarter.

The ‘Sentiment Index’ is expected to provide crucial insights into employment, business environment and foreign trade.

“Effective policy making is a function of the quality of information at hand and given the government’s agenda of ensuring inclusive growth, a leading indicator that reflects the business predicament and tidings of the MSME sector is crucial,” said Ashu Suyash, MD and CEO, CRISIL.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com