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The Sales Managers Index: India

Released: September 20, 2016


Indian Economy grows at Breakneck Speed.
Now the Fastest Growing Major Economy in the World


  • Business Confidence remains sky high
  • Sales Growth surges to an all-time high
  • Jobs growth impressive

The Indian economy continued to expand rapidly in September with a Headline Sales Managers’ Index (SMI) of 70.5 indicating rapidly growing levels of economic activity. The Business Confidence Index level for September has maintained its very high level and panel feedback suggests that the summer monsoon season has done little to dampen expectations. The Sales Index has surged to a new all-time high reading, reflecting very high levels of growth across virtually all market segments, and indicating 7-8% GDP growth in the third quarter. New staffing levels continue to be buoyant and maintain a consistent level.



Headline Sales Managers' Index




Sales Managers' Index Trends
  Direction Speed
SMI Growing Very fast 
Business Confidence Growing Rapidly
Market Growth Growing Very strongly
Sales Output Growing Rapidly
Prices Charged Falling Very slowly
Staffing Levels Growing Very fast










About India SMI Data



The Sales Managers Index provide the earliest monthly data on the speed and direction of Indian economic activity.

Key advantages of the India SMI:
  • The SMI provides the first indication each month of the speed and direction of economic growth in India.
  • The SMI provides the most complete indication of growth, covering all private sector activity.
  • The SMI is based on a key occupational group - uniquely able to sense changes in business activity levels.
  • The SMI is composite index of business confidence, market growth, sales, prices charged and staffing levels.
  • The SMI is a diffusion index, any index value above 50 indicates growth and below 50 indicates contraction.

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