Released: 28 September 2021
Sales Managers Survey Report: India : SEPTEMBER
he September Sales Managers Survey continues to reflect the massive recession in Indian economic activity caused by the Covid epidemic.
But a first tentative sign of recovery may have emerged...
The Sales Growth Index reflects continuing reduced activity levels in many sectors of the economy.
The Staffing Index continues to show negative recruitment levels as managers continue to play safe.
The Prices Index shows ever more elevated price levels.
And the Profits Index continues to show falling levels of income.
The only positive sign comes from the Business Confidence Index. The 51 reading reached in September is the second successive month that this index has remained well over the 50 level since pre Covid days.
Perhaps the first small green shoot of recovery...
India SMI: Staffing Levels Index
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