Thought for the day

All Indian Growth-Related Indexes Stay Significantly Positive in September

But the overall Sales Managers Index is at an 8-month low...


 
Last updated: 23 September 2024
 
Indian Sales Managers reported another month of significant economic growth in September. All growth related indexes are reflecting expansion across a wide variety of business sectors.

Headline Sales Managers Index: September 2024
Diffusion Index: 50 = ‘no growth’
All Indian Growth-Related Indexes Stay Significantly Positive in September
The Business Confidence Index, reflecting the vital "animal spirits" factor in economic growth, indicates that continued significant expansion in economic activity is likely to continue throughout the fourth quarter of the year.

However the picture is no longer as rosy as it has been in recent months. The Sales Managers Index suggests that a downward trend is developing in the rate of Indian economic growth.

This Index, shows the overall impact of the sub indexes in combination, and in September illustrates eight months of slow decline in the rate of growth.

Investors should watch these results carefully over the coming months, in case the optimistic Indian story that has continued for so long post Covid shows continuing signs of coming to an end.
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