Thought for the day

All Indian Growth-Related Indexes Stay Positive in August

Data shows growth likely to continue at least into Q4.


 
Last updated: 19 August 2024
 
Indian Sales Managers reported another month of rapid economic growth in August. All growth related indexes are now reflecting strong expansion across a wide variety of business sectors.

India Sales Growth Index: August
Diffusion Index: 50 = ‘no growth’
All Indian Growth-Related Indexes Stay Positive in August
The Business Confidence Index reflecting the vital "animal spirits" factor in economic growth indicates that continued significant expansion in economic activity is now expected to continue throughout the fourth quarter of the year.

And the Jobs Index, for so long reflecting business caution in recruiting after the difficult Covid period, remains well over the 50 "no growth" bar, adding to the impression that business confidence is increasingly positive.

Overall, the survey results are good news for India. And, as long as the business boom doesn't degenerate into a business bust, good news for investors.
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