India records highest manufacturing and services PMI

India leads global growth with the highest April 2025 PMI figures—58.2 in manufacturing and 58.7 in services. These strong results outpace major economies like China, the U.S., and the Eurozone, signaling robust domestic demand and economic momentum, positioning India as a leader in global economic activity.

India has emerged as the global leader in both manufacturing and services activity, according to the April 2025 Purchasing Managers’ Index (PMI) data released by J.P. Morgan. The country posted a manufacturing PMI of 58.2 and a services PMI of 58.7—both well above the 50-point threshold that indicates economic expansion and the highest figures among all major developed and emerging economies.

The PMI is a key indicator of economic health, with values above 50 signifying growth. India’s robust PMI readings signal strong and steady economic momentum, driven by resilient domestic demand and positive business sentiment.

In comparison, other major economies showed relatively weaker performance. China reported mixed PMI figures: the Markit manufacturing PMI was at 50.4 and the official National Bureau of Statistics (NBS) reading was 49. These suggest either marginal growth or contraction. China’s services sector also lagged behind India, with the Markit services PMI at 50.7 and the NBS at 50.1—both indicating modest expansion.

The U.S. showed signs of sluggishness, with the ISM manufacturing PMI at 48.7 (indicating contraction) and services PMI at 51.6, only slightly above the growth threshold.

The Eurozone continued to struggle, with manufacturing PMI at 49 and services at 50.1. France and the UK performed poorly, with both manufacturing and services sectors in contraction. France reported manufacturing and services PMIs of 48.7 and 47.3, while the UK posted 45.4 and 49, respectively. Japan also showed mixed signals, contributing to a broader global picture of economic uncertainty. In contrast, India’s strong PMI numbers underscore its economic resilience and growing dominance in the global economy.

Overall, the April PMI data highlights India as the global leader in economic growth, outpacing both advanced and emerging markets.