Thought of the Day

The Indian Economy Continues to Grow Rapidly


 
21 November 2024
 
Indian Sales Managers reported another month of significant economic growth in November. All growth related indexes are reflecting expansion across a wide variety of business sectors.

India Sales Managers Index: November 2024
Diffusion Index: 50 = ‘no growth’
The Indian Economy Continues to Grow Rapidly
The Indian Economy Continues to Grow Rapidly

The overall Sales Managers Index which shows the impact of the sub Indexes in concert, continues on a nicely positive course. The Sales Managers Indexes are in fact currently reflecting what economists sometimes refer to as a "Goldilocks" scenario, with economic growth continuing at an optimum level, not to slowly to reduce the benefits of growth, and not too fast to require action to prevent an out of control boom developing.

The Business Confidence Index, reflecting the vital "animal spirits" factor in economic growth, asks respondents how confident they are that growth will continue into the future. Current answers indicate that significant expansion in economic activity is likely to continue throughout the fourth quarter of the year, and on well into 2025.
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