India's manufacturing sector expanded at a softer pace in May, due to the intensification of the Covid-19 crisis and its impact on demand, survey results from IHS Markit showed on Tuesday.
The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, fell to 50.8 in May from 55.5 in April.
Any reading above 50.0 indicates expansion in the sector. Economists had expected the reading to drop to 52.0.
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