World Economics - Insight , Analysis and Data

World Economics - Measuring the World Economy
Free access to key findings and charts...
To read this report for FREE, please enter your business e-mail address:

Your email address will not be shared or used for general marketing.

The Sales Managers Index: India

Updated: June 20, 2017

India's Economic Growth Remains Strong After Mondi’s Black Economy Crackdown
  • The Headline Indian Sales Managers’ Index reflects continuing fast growth.
  • Business Confidence slows but still very high.
  • Price inflation slows as de-monetisation effect starts to wear off.

The Sales Managers’ Index reflects rapid growth in the Indian economy, and remains close to its all-time high level. Business confidence, although down somewhat on the extremely high levels reached in 2015, is still reflecting very buoyant "animal spirits ", and is very high indeed compared with confidence in all other countries currently measured by World Economics. The Jobs market has rebounded close to its very high pre-demonetization level and reflects the rapid growth indicated by the SMI Market and Sales Indexes. The Indian economy continues to race ahead, although the shock of de-monetisation hasn't completely worn off and remains visible in the continuing rapid rise in prices.

Sales Managers' Index (SMI)

The Headline Sales Managers’ Index (SMI) – a composite indicator designed to provide the most up-to-date assessment of business activity.

Business Confidence Index

The Business Confidence Index measures the level of optimism/pessimism amongst sales for future conditions.

Market Growth Index

The Market Growth Index monitors the underlying growth of the market segments into which the panel members sell.

Sales Growth Index

The Sales Growth Index defines the speed and direction of overall sales of goods and services made by business during the month.

Prices Charged Index

The Prices Charged Index measures the speed and direction of changes in the current price of goods and services taking into account any discounts offered.

Staffing Levels Index

The Staffing Levels Index monitors the level of growth or decline in employment against the same period a year earlier.

About India SMI Data

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

© Copyright World Economics Ltd. 2017