Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities

MSME buoyancy dips

MSME buoyancy dips due to fear of high interest rates and inflation

High inflation and rising fear that the Reserve Bank may further hike key rates making borrowing costlier for the industry has dented the confidence of MSMEs.

The CII Business Confidence Index (BCI) for MSMEs for the second quarter stood at 57.2 points which represents a decline of 4.9 points from the previous April-June quarter and a decline of 8.4 percentage points on a (Y-o-Y) basis.

This decline represents the biggest (and sharp) decline in the last 12 months, that the index has suffered, CII said.

The industry body added that the fall in MSME confidence is attributable to continuous and persistently high inflation and the anticipation that the interest rates may be further hiked by the Central bank.

Other issues such as a credit rating system which does not offer any advantage to the MSMEs as they have to deal with delayed payments which leave their financial options stretched, have also resulted in their confidence spiraling South.

The survey shows that services sector enterprises, on an average are expecting to perform better than their industrial counterparts. BCI value of MSMEs in services stood at 61.3 compared to 53.1 for MSMEs in Industrial sector. Out of 14 mentioned variables, the survey found that services have done better in 13 parameters.

Related opportunities
  • JEI Learning Centers, USA was started in 1992, followed by..
    Locations looking for expansion West Bengal
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10000 - 50 K
    Space required 700 - 1500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Kolkata West Bengal
  • Others Food Service
    About Us: Launched in 2015, YoMama is a chain of cafes..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: “Barottas” a new word in World Cuisine! A first..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Home Furniture
    About Us: AB Contracts are renowned manufacturers of Modular Furniture under..
    Locations looking for expansion Uttar pradesh
    Establishment year 2003
    Franchising Launch Date 2018
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater greater noida Uttar pradesh
Insta-Subscribe to
The Franchising World
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts