“While the RBI has to cater to the currency at the moment, it will eventually need to cater more to growth as economic activity continues to soften,” Eskesen said. “Activity in the services sector contracted in July led by a drop in new business, which also led to a decline in optimism among the surveyed companies,” HSBC Chief Economist for India and ASEAN Leif Eskesen said. Service providers continued to signal an optimistic outlook for the coming 12 months’ time, however, the pace of optimism was the lowest in 10 months, it said. Goodmorning "All is well?"
Posted on: Tue, 06 Aug 2013 01:01:30 +0000
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