- Wealth PMS (50L+)
Markit’s released India’s HSBC Purchasing Managers’ Index for July 2010. The index fell to 61.9 in July, down slightly from 62.8 in June. Remember, the PMI is an oscillator around 50 – meaning, a number above 50 means expansion, and below 50 is contraction, compared to the earlier month.
Nothing to worry about, yet. The markit piece says inflation’s a problem.