The Indian Economy Continues to Grow Steadily in July

But not too fast to generate worries of capacity pressure


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

The Market Growth Index is in pole position standing alone at a 62 month high, reflecting the secure position from which the majority of sales managers now view their expanding markets.



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 July Price Index, which remains a little too high for comfort. But a continuing low level of market pressure on human resources 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.


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