India, Aug. 1 -- India's manufacturing sector witnessed robust growth in July, with activity rising to a 16-month high of 59.1, driven by strong increases in new orders and output amid favorable demand conditions, according to a monthly survey released on Friday.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) climbed from 58.4 in June to 59.1 in July, marking the sharpest improvement in sector health since March 2024.
In PMI terms, a reading above 50 indicates expansion, while a score below 50 reflects contraction.
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