First February Survey Results for the Indian Economy

Sales Growth Index at 63-month high


 
Indian Sales Managers reported yet another month of rapid economic expansion in February.

The month saw the rate of expansion rise, with all growth related Indexes at new highs, reflecting expansion across a wide variety of business sectors, at a level that will doubtless be envied in many other countries. The Sales Growth Index is now at a record 5 year 3 month high!

The Market Growth Index is close on its heels and also at a record level, fractionally below a 5 year high.

India Sales Growth Index: February 2025
Diffusion Index: 50 = ‘no growth’
First February Survey Results for the Indian Economy


The overall Sales Managers Index which shows the impact of the sub Indexes in concert, is now at a 9 month high, and with an index reading of over 54, reflects rapid economic expansion.

The Indian Sales Managers Indexes are currently reflecting what economists sometimes refer to as a "Goldilocks" scenario, with economic growth continuing at an optimum level, not too slowly to reduce the benefits of growth, and not too fast to require action to prevent an out of control boom developing. Plus a low rate of price inflation, and modest growth in the jobs index, again both near ideal circumstances.

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 reflect a high level of confidence and indicate that significant expansion in economic activity is likely to continue throughout the first half of 2025, and in all probability beyond...

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