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Charts & Analysis

India PMI dips slightly to 61.9

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.

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Nothing to worry about, yet. The markit piece says inflation’s a problem.

  • anju says:

    >dear deepak…. i feel inflation is eating into our pockets…. peepli{live} song is very appropriate.

    what do you think about dynamic floor funds…. i have kotak mahindra fund in mind…. i mean are they as good as they claim?

    regards
    anju

  • mynac says:

    >प्रिय अनुज,
    नमस्कार. ये index देखके ऐसा लागता ही कि,आनेवाला समय थोडा कठिन होगा और वो स्वाभाविक ही है!आम आदमीका शहरोंकी तरफ भागना और सचमुच बड़े आदमीका वो धीरे धीरे छोड़ना शहरोंको बकाल कर रहा है!चलो ज्यादा चिंता करके कोई फायदा नहीं है! जो भी होगा वो देखा जायेगा!