First April Survey Results for the Indian Economy

Rapid deceleration in economic activity


 
Indian Sales Managers reported another month of economic expansion in April, but also a significant fall in Business Confidence to a 15 month low, a big fall in the Sales Growth index, also to a 15 month low, and a serious fall in the Staffing Index to a two year low. Overall the composite Sales Managers Index slowed to a 15 month low, probably linked to uncertainty caused by the US imposition of potentially highly damaging tariffs.

India Sales Managers Index: April 2025
Diffusion Index: 50 = ‘no growth’
First April Survey Results for the Indian Economy


The good news is that all growth related indexes remained over the 50 "no growth" line. The bad news is that all Indexes bar one fell sharply compared with levels established in March. The exception was the Price Inflation Index which produced a further slug of bad news by rising to a high level not seen for two years.

Continue reading for more analysis, charts & data. [SUBSCRIBER ONLY]



More perspectives using World Economics data

April Sales Data Shows Global Impact of Trump Tariffs
April Sales Data Shows Global Impact of Trump Tariffs
World economic activity slowed to a 21-month low in April when seen through the lens of the Sales Managers Indexes for the world's largest economies (China, the USA and India). For most recent decades these three countries have collectively contributed close to 60% of total global growth, and in reality, probably significantly more, as the "rest of the world" in this case includes many countries with...
A Decade of Economic Transformation
A Decade of Economic Transformation
The table below illustrates the remarkable progress of the Asia-Pacific region in the past decade in GDP per Capita terms. The region’s GDP per capita increased by 55.8%. Although growth has been dramatic, the region still lags behind the Americas and Europe, where the level of GDP per capita is about twice as high. South Asia stands out as the fastest-growing sub-region (as defined by World Economics...
Austria’s Old Age Burden
Austria’s Old Age Burden
The size of Austria’s workforce has been dwindling over recent years, like in many EU countries, due to its fertility rate being sub-replacement for many decades [see: The EU Faces Serious Depopulation, Starting Now ]. As retirees live increasingly longer, and there are fewer working-age taxpayers to support them, a generational tax burden is emerging. Austria’s working-age population wi...