India Tops Global PMI Rankings

According to JP Morgan's latest Purchasing Managers’ Index (PMI) report for April 2025, India has secured the top position globally for both manufacturing and services activity. The manufacturing PMI reached a robust 58.2, while the services PMI soared even higher to 58.7, marking the strongest performances across both developed and emerging markets.

Global PMI Trends

India's economy is expanding at a healthy and consistent pace, as reflected by these figures, indicating strong business optimism, domestic demand, and overall economic growth. In contrast, China's manufacturing PMI was reported at 50.4 by Markit and 49 by NBS, with services at 50.7 and 50.1, respectively, lagging behind India's impressive scores.

The trend extends to the US, Eurozone, UK, and Japan, where PMI figures suggest sluggish growth or potential contractions in manufacturing and services sectors.

Understanding PMI

The Purchasing Managers Index (PMI) is a vital indicator of economic performance in the manufacturing and services sectors. A PMI above 50 signals expansion, at 50 indicates no change, and below 50 suggests a decline in economic activity.