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Analysis: September Services PMI Shrinks

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  • Published On: October 04, 2011
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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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