Released: 23 December 2020
December Data Show Indian Economy Remains in Recession
- The Staffing Index remains in the low 40's and fell further in December, reflecting massive job losses nationally.
- The Prices Charged Index rose sharply again, suggesting inflation may soon become a big problem for the Government.
- The Sales Managers Index, bringing together all indexes bar price, remains well below the 50 "no growth" level, indicating that the Indian economy is likely to enter 2021 still mired in recession.
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