CriSidEx is India’s first sentiment index for micro and small enterprises (MSEs), which indicates the current state of and expected outlook for sectors every quarter, based on a survey. Survey 1 was conducted during September-December 2017.

The index is based on a diffusion index of eight parameters (five manufacturing and three services) with equal weights. It measures the MSE business sentiment on a scale of 0-200, where 0 indicates extremely negative sentiment, 100 neutral and 200 extremely positive sentiment. The distance of the score from 100 indicates the strength of the expansion or decline.

The index is calculated for: (i) the respondent’s assessment of the survey quarter or SQ; and (ii) the respondent’s expectation for the next quarter, or NQ. No economic indicators, trade statistics or financials of MSEs have been used for computing it.

As CriSidEx represents only MSEs, users should be careful when comparing it with other economic data/indices.