India's manufacturing PMI at 53.5 in July, export demand provides support

New Delhi, Aug 3 (IANS) India's manufacturing activity remained in expansion territory in July, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) coming in at 53.5 due to resilient demand and stronger export orders, as per data released on Monday.

This performance has indicated a continued improvement in operating conditions as the index remained above the 50-mark that separates expansion from contraction.