India’s largest credit rating agency – CRISIL-- has announced that it is soon going to launch sectoral indices of the micro, small and medium enterprises (MSME) sector to help the industry as a whol
India’s largest credit rating agency – CRISIL-- has announced that it is soon going to launch sectoral indices of the micro, small and medium enterprises (MSME) sector to help the industry as a whole, in making better forecast in terms of growth, pricing, risks or any other future indicators.
"We will come out with a number of sectoral indices for the SME sector with a view to arrive at better forecasting for them as well as for larger industries. It will help them make better inventory management and cost realisations. These indices would be launched in the next three-four months," Crisil Ratings Director, Ramraj Pai, was quoted as saying.
CRISIL, which enjoys a dominant share in the MSME rating business with over 65 per cent market share, has over the past three years (when it set up a separate division for this sector) accorded ratings to over 25,000 companies, Yogesh Dixit, CRISIL Ratings, SME Head, stated.
MSMEs contribute a whopping 99 per cent of the industrial units in the country, apart from chipping in with 40 per cent of exports and 45 per cent of manufacturing output by rolling out over 8,000 products, Dixit further informed.
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