The Conference Board Leading Economic Index® (LEI) for India increased 0.6 percent in April to 102.6 (2010 = 100), following a decline in March and no change in February. Merchandise exports, M3: bank credit to commercial sector, cargo handled, and industrial production: capital goods contributed positively to the index in April.
"After contracting in the first quarter of this year, April's increase in the Leading Economic Index (LEI) for India is somewhat encouraging," said Jing Sima, Senior Economist at The Conference Board. "However, the increase in the LEI did not offset March's large decline and the index continues to struggle to gain traction, suggesting India's economy is not yet on a faster-growing trajectory."
The Conference Board Coincident Economic Index® (CEI) for India, which measures current economic activity, increased 2.5 percent in April at 108.2 (2010 = 100), following a decline in March and no change in February. Two of the three components contributed positively to the index in April.
The Conference Board LEI for India aggregates eight economic indicators that measure economic activity in India. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.
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