Indian Economy Collapses As 'Demonetization' Crushes Small Business
The Sales Managers Index (SMI) is one of the earliest monthly indicators of Indian economic activity. February's data shows the catastrophic after-effects of the December demonetization policy which was intended to crack down on corruption and 'black money'.
The February Headline SMI has fallen to an index level of 60.2 in unadjusted terms, the lowest level in over 3 years.
Source: WorldEconomics.com