Business Confidence in India Remains High

But overall Economic Activity remains below pre Covid levels


 
The February Sales Managers Survey continues to reflect an economy still some way way behind the growth story seen in the heady pre Covid days.

Economic activity in India is little by little recovering from the disaster of the global pandemic, but the scenario is very much one of two steps forward, one step back.


The two Indian growth related Indexes, Business Confidence and Market Growth, are both showing significant growth in line with official data. But the Price Index shows price inflation remains stubbornly higher than desirable. And companies are still very cautious in relation to staffing levels.

India appears to be emerging from the tragedy of Covid, but remains some way behind its previous growth trajectory.

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