India Sales Managers Index Rises To 32-Month High in November


 
Although still far behind the growth figures registered in the heady pre Covid days, economic activity in India does at last seem to be recovering from the disaster of the global pandemic.

The overall Sales Managers Index, rose to a 32 month high in November, albeit to a figure suggesting exceedingly modest growth in economic activity.

The Business Confidence Index (highlighting confidence in the near future) registered an optimistic 53.4, up from 52.7. in October.


All Indexes bar Staffing remained at 50+ levels, signifying modest growth overall. The Staffing index, remained stubbornly under water, with an index reading of 48.3.

Overall, it does appear as if India is slowly rising from the covid induced mire into which it plunged in 2020, to once more register economic growth.
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