New export orders received are expected to rise, with 56 per cent of respondents indicating growth.
Selling price expectations are optimistic, with 57 per cent of respondents anticipating a rise.
The ASSOCHAM D&B small business confidence index for Q3 2025 stands at 79.2. While the sentiment has moderated compared to the previous quarters, it signals a period of strategic adjustment, as businesses adapt to shifting global dynamics, including geopolitical uncertainties and evolving trade policies.
This adjustment phase underscores a growing emphasis on resilience, efficiency and long-term planning, a D&B release said.
On the upside, India’s domestic economy continues to display strong fundamentals. Cooling inflation, prospects on continued monetary easing and a promising monsoon season together set a favourable tone for growth and recovery in the coming quarter.
Sentiment around raw material prices improved, with 8 per cent of respondents expecting lower prices in Q3 2025 compared to 2 per cent in Q2.
Inventory levels of raw materials and work in progress are expected to increase, with 60 per cent of respondents indicating a rise.
Hiring sentiment remains strong, with 68 per cent of respondents expecting an increase in total number of employees.
The survey indicates that small businesses are beginning to reassess their operating strategies, as sentiment across several key indicators reflects a shift toward strategic recalibration.
While the domestic environment remains broadly supportive, with macroeconomic stability and policy continuity providing a foundation, recent data suggests that firms are adapting to evolving market dynamics with a forward-looking approach.
ALCHEMPro News Desk (DS)
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