Services growth pushes composite Growth

By PMI numbers alone Services PMI A full percent ahead at 54.2 and composite HSBC MarkIT PMI

India Gatereaching a 54.7 high even as india Services input and output inflation kept pace with each other, this bein g the 32nd consecutive positive for New Orders in India at great divergence to global aftershocks except in china whre also 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 to the Top 5 IT services players alone or INR 3000 Crores in revenues for TCS< Infy($115mln)  Wipro CTS and HCL Tech ($69 mln)

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