New Delhi, Sept. 2 -- After India's April-June GDP outperformance, we have a fresh data reading that suggests Indian factories have lost no momentum in the quarter that's underway. The HSBC India Manufacturing Purchasing Managers' Index (PMI) released on Monday shows a rise to 59.3 in August, the highest in more than 17 years.

Also Read: Mint Quick Edit | Indian factories are bustling with orders

While the past few months have logged readings in the high 50s, well above the 50 mark that separates expansion from contraction, a level near 60 points to factories bustling with orders. The growth pace of overseas orders slowed last month, but remains strong in the context of trade turmoil.

Also Read: Thriving amid chaos: India's GDP uptick ...