Services growth pushes composite Growth

Tuesday, January 3, 2012

By PMI numbers alone Services PMI A full percent ahead at 54.2 and composite HSBC MarkIT PMI reaching a 54.7 high even as india Services input and output inflation kept pace with each other, this bein gthe 32nd consecutive positive for New Orders in India at great divergence to global aftershocks except in china whre als o Services PMI kept ahead of Manufacturing which nonetheless improved from a November low 

India's services exports will not be growing too fast but the exchange  rate kicker has brought in $500 mln of new business o the Top I5 IT services players alone or INR 3000 Crores in revenues for TCS< Infy($115mln)  Wipro CTS and HCL Tech ($69 mln)

Posted via email from The India Investment Post

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