India has emerged as the top-performing economy globally in both manufacturing and services sectors, according to the Purchasing Managers’ Index (PMI) data released by J.P. Morgan.
Key Highlights
- India’s PMI (April 2025):
- Manufacturing PMI: 58.2
- Services PMI: 58.7
- Highest among all developed and emerging market economies
- India’s Economic Signal:
- Indicates strong economic expansion
- Reflects robust domestic demand, high business confidence, and stable economic momentum
Global Comparison (April 2025)
| Country/Region | Manufacturing PMI | Services PMI | Remarks |
| India | 58.2 | 58.7 | Strongest globally |
| China (Markit) | 50.4 | 50.7 | Moderate expansion |
| China (NBS) | 49.0 | 50.1 | Manufacturing in contraction |
| USA (ISM) | 48.7 | 51.6 | Manufacturing contraction |
| Eurozone | 49.0 | 50.1 | Below average |
| UK | 45.4 | 49.0 | Both in contraction |
| France | 48.7 | 47.3 | Both in contraction |
| Japan | ~48–49 (est.) | ~50.0 | Mixed trends |
Significance
- India’s PMI performance highlights its:
- Economic resilience
- Investor confidence
- Sustained post-pandemic recovery
- Strong private sector output
- The contrast with major economies like the US, UK, Eurozone, and China shows India’s relative economic strength in April 2025.
What is PMI?
| Aspect | Details |
| Full Form | Purchasing Managers’ Index |
| Purpose | Indicator of economic health in manufacturing & services sectors |
| Key Threshold | PMI > 50 = Expansion, PMI < 50 = Contraction |
| Released by | Private institutions like J.P. Morgan, S&P Global, or national bodies (e.g., NBS China) |
| Utility | Used by economists, investors, and policymakers to assess business conditions, demand, and future economic activity |