Indian economy’s meteoric growth continues in OctoberStaff 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.
Asia Headline SMI reached 71.3
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. ■