Finance Minister Arun Jaitely today inaugurated India's first sentiment index, CriSidEx, for micro and small enterprises developed jointly by SIDBI and CRISIL, in New Delhi.<br/><br/>CriSidEx is a composite index based on a diffusion index of eight parameters and measures MSE business sentiment on a negative to positive scale. The current parametric feedback was captured through a survey of one thousand one hundred MSEs in November and December last year.<br/><br/>Speaking on the occasion, Mr. Jaitely said, this index will give the detail breakup of the sentiment sentiments and analysis as the sector sees it for the current quarter and for the next quarter.<br/><br/>He said, the index will be greater use as far as policy making is concerned so that the necessary changes can also be brought in to ensure that government continues to perform its role as facilitator. He said, the role of this index is likely to become more significant in times to come.<br/><br/>Talking about the SME sector, the Minister said, this sector is almost the backbone of the economy as it is one the largest employers in the country and its health is quite vital in the economy.

Finance Minister Arun Jaitely has launched India's first sentiment index, CriSidEx, for micro and small enterprises developed jointly by SIDBI and CRISIL in New Delhi today.<br/><br/>CriSidEx is a composite index based on a diffusion index of eight parameters and measures Micro and Small Enterprises business sentiment on a negative to positive scale. <br/><br/>The current parametric feedback was captured through a survey of one thousand MSEs in November and December last year.<br/><br/>Speaking on the occasion, Mr. Jaitely said, this index will give the detail breakup of the sentiment sentiments and analysis as the sector sees it for the current quarter and for the next quarter.<br/><br/>He said, the index will be greater use as far as policy making is concerned so that the necessary changes can also be brought in to ensure that government continues to perform its role as facilitator. He said, the role of this index is likely to become more significant in times to come.<br/><br/>Talking about the MSE sector, the Minister said, this sector is almost the backbone of the economy as it is one the largest employers in the country and its health is quite vital in the economy.