First March Survey Results for the Indian Economy

Economic activity continues to expand rapidly


 
Indian Sales Managers reported yet another month of rapid economic expansion in March.
The month saw all Indexes well over the 50 "no change" level, reflecting expansion across a wide variety of business sectors, that will doubtless be envied in many other countries.

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


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 relatively 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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