New Delhi, Aug. 3 -- India's manufacturing sector continued to expand in July, although the pace of growth eased to its weakest level in nearly five years, according to the HSBC India Manufacturing Purchasing Managers' Index (PMI) released on Monday.

The seasonally adjusted HSBC India Manufacturing PMI slipped to 53.5 in July from 54.2 in June, marking the lowest reading since August 2021. However, the index remained above the 50-mark that separates expansion from contraction, indicating continued improvement in manufacturing conditions.

The report said manufacturers continued to benefit from resilient demand, although growth in new orders, input purchasing and employment moderated.

"Manufacturers in India continued to benefit from dem...