Thought for the day

The Indian Economy Continues to Grow Rapidly


 
Last updated: 19 December 2024
 
Indian Sales Managers reported another month of significant economic expansion in December. The month saw a very modest pause in the rate of expansion, but all growth related indexes continue to reflect expansion across a wide variety of business sectors, at a level that will doubtless be admired in many other countries.

India Sales Managers Index: December 2024
Diffusion Index: 50 = ‘no growth’
The Indian Economy Continues to Grow Rapidly


The overall Sales Managers Index which shows the impact of the sub Indexes in concert, continues on a nicely positive course. The Indian Sales Managers Indexes are in fact 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.

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 indicate that significant expansion in economic activity is likely to continue throughout the first quarter of 2025, and beyond...
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