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The Sales Managers Index: India

Released: October 18, 2016

Indian Economy’s Meteoric Growth Continues in October

  • Sales Managers Index at all-time high
  • Jobs Growth accelerates to near all-time high
  • Price Inflation non-existent despite rampant growth

The Indian economy continued to expand rapidly in October with a Headline Sales Managers’ Index (SMI) of 71.3, up from 70.5 in September. The SMI remains at a record high level reflecting the great success of current economic policies in India. Business Confidence maintained its ultra-high level in October. The Sales Index reflects very rapid economic growth. The Staffing Levels Index also reflects a tremendously buoyant economy with new jobs being generated in great quantity every month. There is no sign as of now of overcapacity constraints emerging to hamper future growth.

Headline Sales Managers' Index

Business Confidence Index

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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