CII Survey reports Buoyancy in the Indian SME sector
                     CII Survey reports Buoyancy in the Indian SME sector
Melissa charm
Writer at smb-trends.com, writes 
content on new SMB trends.
Almost 40% of India’s work force is in the SME segment and produce a wide 
variety of products including some very sophisticated and technologically 
complex products. They are not restricted to any region and are spread over 
the entire country. Despite India’s romance with leftism, socialism and 
planned economy the SMBs have emerged as a highly vibrant and dynamic 
sector of the economy.  The SME sector accounts for 1/3rd of the economy 
and GDP. SME’s account for little less than half of the entire industrial 
production. Not just that, they account for 40% of India’s exports. 95% of the 
industrial units in India are SMEs and they account for about 1/6th of the bank 
credit
Surveys are regularly conducted by many organizations. One of the famous 
one is conducted by the Confederation of Indian Industry (CII) on SME 
Business Confidence Index (BCI) every quarter. It is done on the basis of 14 
exhaustive outlook indicators such as gross sales, credit availability, new 
orders, export, capacity utilization input costs, investments, and net profit.
The regular survey and studies have revealed many useful data  points that 
are useful to the members of the Indian industry, academicians and 
bureaucrats. The value of SME Business Confidence Index (BCI) is 
measured for the outlook indicators by a survey method and the results are 
tabulated and shared.  This survey helps to identify the collective opinion of 
the members on 14 indicators.  The data shared is helpful to the businesses 
as well as government to plan for the near future.
In addition to the CII there are other government, private and association 
sites that conduct survey of business situation.  Some even provide economic 
and business forecasts.  There is another famous industrial organization and 
this is called as FICCI which stands for Federation of Indian Chambers of 
Commerce & Industry. In addition, there are institutions like National Institute 
for Micro, Small and Medium Enterprises (NI-MSME) which provide training, 
based on extensive research. India has a separate ministry for MSMEs and it 
is called the Ministry Of Micro, Small And Medium Enterprises.
The SMEs are very vibrant and have shown are remarkable track record of 
bouncing back from the various calamities they have faced.  A large country 
with diverse population and unique needs favors their existence. They have 
been able to understand the local customers and deliver products better than 
many large firms.
In general, the longer term outlook for the SME sector is very bouyant. This is 
based on the past history of this segment and the vibrancy and strength of 
the businesses in thriving in the fast moving economies of today.
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