New Delhi, Aug. 7 -- Business confidence among India's micro, small and medium enterprises (MSMEs) declined for the fourth consecutive quarter in April-June 2026, as cost pressures and demand concerns weighed on sentiment, according to the latest MSME Outlook Survey by the Small Industries Development Bank of India (SIDBI).

The MSME Business Confidence Index (M-BCI), which measures current business conditions, moderated to 59.3 in April-June 2026 from 59.8 in the previous quarter. The index has declined steadily from 63.8 in April-June 2025 to 61.6 in July-September, 60.8 in October-December and 59.8 in January-March 2026.

The report said the latest reading indicated "cautious optimism amid cost pressure and demand concerns." It, howeve...