Index to caputre sentiment of exporters and importers

Finance Minister Arun Jaitley has launched CriSidEx, India’s first sentiment index for micro and small enterprises ( MSEs) to flag potential headwinds and changes in production cycles and thus help improve market efficiencies.

Developed jointly by CRISIL & SIDBI, CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to 200 ( extremely positive).

CriSidEx will have two indices, one for the ‘survey quarter’ and another for the ‘next quarter’ once a trend emerges after few rounds of the survey, providing independent time series data.

The crucial benefit of CriSidEx is that it would capture the sentiment of exporters and importers, and also offer actionable indicators on foreign trade.

Launching the CriSidEx on 3 Feb 2018, Jaitley said the health of MSME sector is extremely vital to the economy and with the number of steps taken by the government in the past two years, there is increased integration of MSME sector into formal economy. fii-news.com