The Indian Economy Continues to Grow Rapidly

The First Data on Economic Activity Levels in India - Every Month
The only survey with current month, month-on-month, monthly year-on-year, and forward looking questions
Updated: November 19, 2024

Indian Sales Managers reported another month of significant economic growth in November. All growth related indexes are reflecting expansion across a wide variety of business sectors.

Source: World Economics
Note: Data Shown as a Diffusion Index. (50 = 'No Change', above 50 = Increasing growth, below 50 = Declining growth)

The overall Sales Managers Index which shows the impact of the sub Indexes in concert, continues on a nicely positive course. The Sales Managers Indexes are in fact currently reflecting what economists sometimes refer to as a "Goldilocks" scenario, with economic growth continuing at an optimum level, not to slowly to reduce the benefits of growth, and not too fast to require action to prevent an out of control boom developing.

The Business Confidence Index, reflecting the vital "animal spirits" factor in economic growth, asks respondents how confident they are that growth will continue into the future. Current answers indicate that significant expansion in economic activity is likely to continue throughout the fourth quarter of the year, and on well into 2025.

Sales Managers Index Components

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About the Sales Managers Indexes

The Sales Managers' Indexes provide the earliest monthly data on the speed and direction of economic activity in key growth areas of the world.

The SMI’s (Sales Managers’ Indexes) are compiled and analysed by World Economics and are based on survey data collected from a panel of companies stratifying all Industry Classification Board (ICB) sectors which are weighted to reflect their contribution to national Gross Domestic Product.

Key advantages of the SMI's:

• The SMI's provide the first indication each month of the speed and direction of economic growth.
• The SMI's provide the most complete indication of growth, covering all private sector activity.
• The SMI's are based on a key occupational group - sales executives - uniquely able to sense accurate changes in business activity levels.
• The SMI survey base - salespeople - are used by virtually all businesses, including in frontier markets, unlike other occupational groups.
• The SMI's focus on the key countries contributing to over 60% of global growth in recent years.