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GS PAPER III: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment.
Context: India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on May 3.
About PMI:
What is a PMI?
How is the PMI derived?
How does one read the PMI?
What are its implications for the economy?
What does it mean for financial markets?
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