Released: 30 March 2021
March Sales Managers Survey Shows First Green Shoots of Recovery
The Covid virus continues to take a heavy toll on the Indian economy. The Sales Managers Survey shows companies continued to shed employees in March, and most of the growth related monthly Indexes only managed to creep marginally over the 50 “no change” line.
Massive unemployment and the loss of output created by Covid in India will not reverse overnight. The virus continues to rage in many states with new lockdowns announced with some frequency.
However the Staffing Index rose to its highest level in 12 months, and Business Confidence actually broke through the 50 level with some gusto, perhaps the most positive sign that the start of the beginning of recovery may at last be underway.
India Staffing Levels Index
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