Thought for the day

The Indian Economy Powers Ahead in October


 
Last updated: 21 October 2024
 
Indian Sales Managers reported another month of significant economic growth in October. All growth related indexes are reflecting expansion across a wide variety of business sectors.

India Sales Managers Index: October 2024
Diffusion Index: 50 = ‘no growth’
The Indian Economy Powers Ahead in October
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, and on into the first quarter of 2025.

The overall Sales Managers Index which shows the impact of the sub Indexes in concert, had been on something starting to look like a downward trend in recent months, but reversed back to a nicely positive Index reading of 53.3 in October.
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