New Delhi, Oct. 24 -- Business confidence among India's micro, small and medium enterprises (MSMEs) improved in July-September 2026, reversing the moderation seen in recent quarters, according to a report by the Small Industries Development Bank of India (SIDBI).

The MSME Business Confidence Index (M-BCI) rose to 60.4 in the second quarter of FY27 from 59.3 in the previous quarter, remaining above the neutral level of 50 across manufacturing, trading and services.

The MSME Business Expectations Index (M-BEI) is projected to reach 61.7 in October-December 2026 and 62.2 in July-September 2027, signalling continued optimism among enterprises.

The survey covered around 1,200 MSMEs across the manufacturing, trading and services sectors.

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