World Economics - Insight , Analysis and Data

World Economics - Measuring the World Economy

The Sales Managers Index: India

Released: September 24, 2015

Indian SMI signals faster economic activity in September

  • Business confidence remains very high
  • Sales and market growth rise at quicker rates
  • Prices charged continue to decline

Indian companies reported a further improvement in business conditions at the end of the second quarter. This was highlighted by the latest World Economics Headline Sales Managers’ Index (SMI) for India – a composite indicator, designed to provide the most up-to-date monthly assessment of economic activity in the country. Any figure greater than 50.0 indicates an overall improvement in business conditions. At 67.2 in September, up from 66.4 in August, the headline index signalled the fastest rate of economic activity since April. The upward movement in the SMI in September mainly reflected sharper increases in market growth, product sales and staffing levels. However, the quarterly average of the SMI in Q3 was below that posted in Q2, and the lowest since Q2 2014.

Sector analysis data shows that services activity continued to lead Indian economic expansion in September, with the Manufacturing SMI posting 63.0 and the Services SMI registering 69.2. These index values indicate rapid economic growth for both sectors across the country.

To continue reading this report...
To continue reading this report, please enter your business e-mail address:

Your email address will not be shared or used for marketing.
Receive next month’s report early:

Your email address:

© Copyright World Economics Ltd. 2015