The Purchasing Managers' Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors. It consists of a diffusion index that summarizes whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting.

In the video, Tehleel Shah (Faculty, Edukemy) outlines the Purchasing Managers Index in the GS Advance series in detail.

The video is important for all aspirants preparing for UPSC CSE and will be useful both for Prelims & Mains.
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