PHDCCI SME Market Sentiment Index Round 5: SME Business Activity Improves Moderately; Outlook Turns More Positive for Q2 FY2026-27

The PHD Chamber of Commerce and Industry (PHDCCI) has released the fifth round of its SME Market Sentiment Index (SMESI), indicating continued expansion in business activity among India’s manufacturing SMEs during April–June 2026, alongside a moderately improved outlook for the July–September 2026 quarter. The SMESI, comprising the SME Business Act...