Leading indicators for predicting the future of the Indian economy include:

These indicators collectively provide insights into the potential direction of India's economic future

FIIs: The investment made by FIIs in Indian companies reflects their confidence in the promising Indian Economy

I thjink

Human captial and labour force

Invesmemt ind I+D

Trade exports and imports

Number of companies with more than 10 years of presence in national and foreign market trade.

Corruption

@Jorge Ventura

These parameters reminds me about following indicators

GST collection

Incometax collection

In order to predict the economy future, indicators can be trade growth, GDP growth rate and FDI flows.

• Money Supply (M2) Growth – 1-3 years
• Credit Growth (Private Sector Loans) – 1-2 years
• Labor Compensation Growth (Wages and Benefits) – 1-2 years
• Producer Price Index (PPI) – 6-12 months
• Capacity Utilization Rate – 6-12 months
• Retail Sales Growth (Real and Nominal) – 6-12 months
• Corporate Profit Margins (Operating Margins) – 1-2 years
• Yield Curve (Interest Rate Differentials) – 6-12 months
• Real Effective Exchange Rate (REER) – 6-12 months
• Savings Rate (Household Savings to Disposable Income) – 6-12 months
• Business Investment to GDP Ratio – 1-3 years
• Inventory-to-Sales Ratio – 6-12 months

In my view it is not possible to identify lead indicators since the just not exist like proteinuria in kidney. or el nino factor in rain forecasts . Even these go wrong. For example warren Buffet said if total market capitalization of stock market exceed national GDP it is dangerous and economy may crash. It has happened less and failed mostly.