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Indian economy’s meteoric growth continues in October

Staff Writer | October 20, 2016
The Indian economy continued to expand rapidly in October with a Headline Sales Managers’ Index (SMI) of 71.3, up from 70.5 in September.
India street
Asia   Headline SMI reached 71.3
The SMI remains at a record high level reflecting the great success of current economic policies in India. Business Confidence maintained its ultra-high level in October, World Economics reports.

The Sales Index reflects very rapid economic growth. The Staffing Levels Index also reflects a tremendously buoyant economy with new jobs being generated in great quantity every month.

There is no sign as of now of overcapacity constraints emerging to hamper future growth.