The Conference Board Leading Economic Index® (LEI) for India increased 1.5 percent in July to 103.1 (2010 = 100), following a 0.3 percent decline in June and a 1.3 percent decline in May. All eight LEI components advanced in July.
"July's large increase in the Leading Economic Index for India, after two monthly decreases, adds some degree of optimism to the economic outlook," said Jing Sima, Senior Economist at The Conference Board. "However, despite July's rebound in several leading indicators, the LEI has been moving sideways, suggesting that India's economic growth is unlikely to gain momentum this year."
The Conference Board Coincident Economic Index® (CEI) for India, which measures current economic activity, increased 1.7 percent in July to 111.0 (2010 = 100), following a 0.6 percent increase in June and a 1.0 percent decline in May. All three components contributed positively to the index in July.
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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