India, Sept. 1 -- India's manufacturing sector expanded at the quickest pace in seventeen-and-a-half years amid robust growth in orders and production on the back of strong demand conditions, final survey data from S&P Global showed on Monday.
The HSBC manufacturing Purchasing Managers' Index rose to 59.3 in August from 59.1 in July. A score above 50 indicates expansion, and the same was below the flash estimate of 59.8.
Production volumes grew at the sharpest pace in close to five years, linked to a better alignment of supply with demand.
New orders increased to broadly the same extent as in July, which was the fastest in 57 months, led by demand buoyancy along with fruitful advertising. The rise in new export orders was the slowest in ...