India Remains in Recession Zone, but Recovery May be Coming Soon


 
The overall India Sales Managers Index for August came in at a disappointing 49.1, still hanging well into the recession zone. But the Index did stage a big recovery from the previous month's 45.9 level, a recovery matched by several other growth related indexes.


Both the Staffing and Profit Indexes registered similar bounce backs from very low levels recorded in July, although both still reflecting recessionary conditions.

The two Indexes most commonly associated with economic growth - Business Confidence and Sales Growth - both moved from positions in the high 40's to niches over the 50 level, which in the circumstances look positively encouraging.

But it's clear that the Indian economy is still some way from climbing out of recession, although positive signs are at last appearing.
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