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Economy This Week: Productivity Up 2.6% in 2006; Consumer Credit at Record $2.4 trillion

Among the key US economic indicators this week: ISM services index rose to 59; productivity grew a healthy 3% annual rate in Q4; consumer credit surged 4.5% to a record $2.4 trillion in 2006; initial jobless claims increased 3,000 last week; and January retails chain store sales jumped a strong 3.7%

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India Aims for Fourfold Jump in IT Exports to $80 billion by 2010

Indian software and services exports are expected to jump nearly 33% to $31.3 billion during the fiscal year ending Mar 2007. India's Prime Minister Manmohan Singh told Indian IT leaders to be ambitious and aim for IT expots of $80 billion in 2010, nearly fourfold increase in annual exports of from fiscal 2006. 

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Over 80% of All Cellular Users will be Data Users by 2011; Spend to Hit $200B

Worldwide consumer spending on mobile data services -  including cellular data transport, messaging and content -  will jump from $125 billion in 2007 to just over $200 billion by 2011, according to a new Strategy Analytics report, "Global Cellular Data Forecast 2007-2011." 

Continue reading... "Over 80% of All Cellular Users will be Data Users by 2011; Spend to Hit $200B" »

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