Analysis: September Services PMI Shrinks

PUBLISHED ON: October 4, 2011 | Duration: 21 min, 56 sec

  
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The pace of growth in India's services activity shrank in September for the first time in two-and-half years, indicating a broader slowdown in an economy still grappling with price pressures. Dr. Surjit Bhalla, chairman of O[x]us Investments, said the numbers are pretty worrying and India's policymakers seem to be living in denial.
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