India has emerged as the global leader in both manufacturing and services activity, surpassing major economies including China, the U.S., and the Eurozone, according to the latest Purchasing Managers’ Index (PMI) report released by J.P. Morgan.
India’s PMI Performance in April 2025
- Manufacturing PMI: 58.2
- Services PMI: 58.7
These figures indicate strong expansion, as a PMI above 50 signals growth, while below 50 suggests contraction.
China’s PMI in Comparison
- Manufacturing PMI: 50.4 (Markit), 49 (NBS)
- Services PMI: 50.7 (Markit), 50.1 (NBS)
Despite showing moderate growth, China’s PMI figures remain significantly lower than India’s, highlighting India’s economic momentum and robust domestic demand.
Global PMI Trends
Other major economies reported mixed signals:
- U.S. Manufacturing PMI: 48.7 (indicating contraction)
- Eurozone Manufacturing PMI: 49 (sluggish growth)
- UK Manufacturing PMI: 45.4 (deep contraction)
- France Services PMI: 47.3 (below expansion threshold)
India’s Economic Strength
Experts attribute India’s strong PMI performance to business optimism, rising domestic consumption, and policy-driven economic stability. The country’s manufacturing and services sectors continue to expand at a healthy pace, reinforcing its position as a global economic powerhouse.
