The Indian Economy Continues to Grow in August

But signs of capacity pressure and overheating emerge


 
In August Indian Sales Managers reported yet 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 only fractionally below the 62-month high reached in July, 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 disturbing news came in again from the Price Index, which increased from 53.9 in July to 55.6 in August, a level 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 rooted in a stable environment, rather than in an out-of-control boom.


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