New Delhi, Sept. 26 -- The PHD Chamber of Commerce and Industry (PHDCCI) released findings from Round 2 of the SME Market Sentiment Index (SMESI) on Friday, showing continued expansion in India's SME manufacturing sector, though demand and employment indicators remain under pressure.

The SMESI, based on a survey of 3,000 SME firms across various manufacturing sectors, comprises two components: the SME Business Activity Index (SME-BAI) and the SME Business Outlook Index (SME-BOI).

For the April-June 2025 period, the SME-BAI rose to 58.3 from 57.7 in Round 1, indicating ongoing growth in business activity. The improvement was largely driven by faster supplier delivery times, indicating a reduction in logistics constraints.

However, new o...