New Delhi, May 21 -- A new report released by the PHD Research Bureau of PHDCCI reveals positive momentum in business activity for Indian SMEs in Q4 FY2025 compared to the previous quarter, with a robust growth outlook projected for Q1 FY2026.

The findings are based on a comprehensive survey of 3,000 SME manufacturing firms across India.

According to PHDCCI President Hemant Jain, government initiatives including credit support, technological assistance, infrastructure development, and skill training have transformed small and medium-sized enterprises into a vibrant and dynamic sector of the Indian economy.

These efforts have successfully fostered entrepreneurship and created numerous employment opportunities.

To effectively capture SM...