India's manufacturing Purchasing Managers' Index, or PMI, decreased to 51.8 in March from 54.5 in February, due to a softer rise in output and new business amid the global coronavirus or COVID-19 outbreak, survey results from IHS Markit showed on Wednesday. The reading signalled the slowest expansion since November 2019. Any reading above 50 indicates expansion in the sector. Output and new orders rose at a slower pace in March. New export business declined at the fastest pace since 2013 amid widespread lockdowns.
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