India's manufacturing sector growth jumped to 17-month high in July, driven by "flood of new orders" from both domestic and overseas companies on the back of post-election boost to sentiments, an HSBC survey said.
The HSBC India Manufacturing Purchasing Managers' Index (PMI), a measure of factory production, rose to 53.0 in July, up from 51.5 in June, signalling a solid improvement in business conditions.