New Delhi, April 21 -- Indias manufacturing MSME sector saw moderation in growth momentum during the quarter ending March 2026 even as it continued to remain in expansion territory, according to PHD Chamber of Commerce and Industry's (PHDCCI) latest SME Market Sentiment Index (SMESI) survey. Growth Slows, Outlook Remains Positive The SME Business Activity Index (SME-BAI) stood at 56.5 in the January March 2026 quarter, down from 58.9 in the previous quarter, indicating continued but slower expansion. The SME Business Outlook Index (SME-BOI) also eased to 58.7 for the April June 2026 quarter from 60.7 earlier, reflecting a positive yet cautious outlook, reported The Economic Times. Capex Plans Rise, Hiring Sentiment Mixed The surv...