June Data Shows the Indian Economy Continues to Outperform

The First Data on Economic Activity Levels in India - Every Month
The only survey with current month, month-on-month, monthly year-on-year, and forward looking questions

Updated: June 19, 2025

Indian Sales Managers reported another month of economic expansion in June. All Indexes remained over the 50 "no growth" level, in most cases more than comfortably over.

The Market Growth Index remains close to the 5-year high achieved in May, reflecting the secure position in which the majority of sales managers now view their expanding markets.

India Sales Managers Market Growth Index: June 2025 Note: Data Shown as a Diffusion Index. (50 = 'No Change', above 50 = Increasing growth, below 50 = Declining growth)



Business Confidence remained high reflecting not just the present situation, but Sales Managers optimism over the outlook for the next half year.

Potentially bad news came in with the June Price Index, which remained close to the uncomfortable high level reached in May. But a continuing low level of activity reflected by the Jobs Index suggests that economic activity is still likely to be firmly rooted in a stable environment, rather than in an out of control boom.





Sales Managers Index Components



0 0 0 India|#0A66C2|50.3, 50.3, 51.3, 49.4, 52.1, 49.7, 48.4, 49.7, 50.3, 52.5, 51, 50.3, 50.7, 50, 51.7, 52.5, 51, 51.1, 50.7, 51.4, 48.8, 51.4, 53.3, 52.7, 53.4, 54.3, 53.6, 53.2, 52.3, 53.5, 53.6, 53.9, 53.2, 54.3, 52.7, 53.4, 55.3, 54.5, 52.6, 56, 55.3, 54, 55, 54.5, 53.9, 53.2, 53.8, 53.4, 53.9, 53.5, 54.2, 55.3, 53.9, 52.8, 53.5, 53.1 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Business Confidence

53.1
June 2025
Business Confidence grew at a solid pace in June. The Business Confidence Index measures the level of optimism/pessimism among sales managers for future conditions.
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0 0 0 India|#0A66C2|49.4, 49.7, 50.6, 51.9, 50, 50, 49.3, 48.1, 47.3, 49.3, 50.3, 50.3, 51, 50.3, 50.3, 49.1, 50, 50.7, 50.4, 50.4, 47.8, 49.3, 50.7, 50, 50.3, 50.4, 50, 51.8, 51.3, 52.4, 52.6, 53.6, 52.8, 52.1, 52.1, 52.4, 52.6, 51.9, 51.3, 53.5, 53.9, 53.4, 53.9, 53.8, 53.9, 53.9, 52.4, 52.9, 53.5, 53.2, 53.9, 54.3, 53.5, 53.1, 54.6, 54.2 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Market Growth

54.2
June 2025
The Market Growth Index continued at a near 5-year high in June. The Market Growth Index monitors the underlying growth of the market segments into which the panel members sell.
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0 0 0 India|#0A66C2|47.5, 50.7, 51, 50.6, 50.7, 50.3, 49.7, 49.4, 48.5, 48.6, 49.7, 51.6, 52.7, 50.6, 49.7, 50, 50.7, 51.8, 51.4, 50, 47.4, 50.3, 52, 51.7, 51.7, 50.7, 48.7, 50, 51, 52.8, 53, 53.3, 52.8, 52.5, 51.2, 52.1, 53, 50.6, 50.3, 53.2, 54.2, 54.4, 54.6, 54.1, 54.2, 54.8, 53.8, 54.4, 54.3, 53.5, 54.9, 55, 54.3, 51.4, 53.9, 52.4 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Sales Growth

52.4
June 2025
The Sales Growth Index increased at a slower rate in June. The Sales Growth Index defines the speed and direction of overall sales of goods and services (current month from previous month).
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0 0 0 India|#0A66C2|56, 57, 54.9, 50.3, 53.1, 52.7, 53.9, 54.8, 51.2, 53.2, 53.8, 55.7, 56.8, 55.2, 57.1, 54.3, 56.1, 55, 55.3, 57.4, 54.5, 56.1, 54.3, 54, 51.4, 51.8, 53, 53.2, 54, 55.2, 52.9, 51.6, 50.4, 52.8, 51.5, 54.1, 50.7, 53.5, 53.6, 53.5, 53.9, 53.4, 53.2, 54.1, 52, 52.9, 53.1, 53.4, 52.5, 53.5, 51.8, 52.5, 53.5, 54.5, 56.3, 54.5 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Prices Charged

54.5
June 2025
The Price Charged Index decreased in the month. 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.
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0 0 0 India|#0A66C2|41.8, 41.4, 42.2, 44.9, 47.9, 42.6, 43.1, 40.1, 40.5, 42.6, 45.9, 48.1, 47.3, 48.7, 49, 48.1, 45.3, 45.4, 46.8, 41.8, 39.7, 45.6, 45, 49, 48.3, 48.6, 46.1, 47.2, 49, 49, 50.3, 53.3, 51.1, 52.5, 52.4, 53.1, 53, 52.3, 50.7, 53.2, 52.8, 53, 53.6, 53.1, 52.6, 52.9, 52.4, 52.4, 52.5, 51.8, 52.1, 52.8, 52.1, 50, 51.8, 50.3 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Staffing Levels

50.3
June 2025
The Staffing Levels Index registered low growth in June. The Staffing Levels Index monitors the level of growth or decline in employment against the same period a year earlier.
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About the Sales Managers Indexes

The Sales Managers' Indexes provide the earliest monthly data on the speed and direction of economic activity in key growth areas of the world.

The SMI’s (Sales Managers’ Indexes) are compiled and analysed by World Economics and are based on survey data collected from a panel of companies stratifying all Industry Classification Board (ICB) sectors which are weighted to reflect their contribution to national Gross Domestic Product.

Key advantages of the SMI's:

  • The SMI's provide the first indication each month of the speed and direction of economic growth.
  • The SMI's provide the most complete indication of growth, covering all private sector activity.
  • The SMI's are based on a key occupational group - sales executives - uniquely able to sense accurate changes in business activity levels.
  • The SMI survey base - salespeople - are used by virtually all businesses, including in frontier markets, unlike other occupational groups.
  • The SMI's focus on the key countries contributing to over 60% of global growth in recent years.






About the Data

SMI data for India is published as diffusion indexes to gauge the speed and direction of economic activity.

Monthly data since 2014 is downloadable for all-sectors in a consistent unadjusted format for 6 key indexes: