New Delhi: India has outpaced both developed and emerging economies to record the highest Purchasing Managers’ Index (PMI) scores in manufacturing and services for April 2025, according to a report by J.P. Morgan.

The report reveals that India's manufacturing PMI hit 58.2, while its services PMI stood at 58.7, comfortably above the expansion threshold of 50, and higher than any other country tracked in the analysis.

The PMI is widely used as a monthly snapshot of economic activity in key sectors. A score above 50 indicates expansion, while anything below suggests contraction. With both figures nearing the 60-mark, India’s growth momentum in April remained strong across the board.

In comparison, China’s manufacturing PMI was at 50.4 (Markit) and 49 (NBS), hovering close to stagnation. On the services front, China's PMIs came in at 50.7 (Markit) and 50.1 (NBS), numbers that suggest slow but steady growth, yet well below India’s.

The gap widens further when looking at other major economies. The U.S. manufacturing PMI stood at 48.7 while the services PMI clocked 51.6, pointing to uneven sectoral performance. The Eurozone continues to wobble with April manufacturing at 49 and services at 50.1, barely in growth territory.

France and the UK posted weaker results. France recorded a manufacturing PMI of 48.7 and services at 47.3. The UK reported 45.4 in manufacturing and 49 in services, both showing contraction.

India’s leading position signals robust domestic demand and stable economic activity, putting it in sharp contrast with economies struggling to maintain momentum.

According to J.P. Morgan’s data, “India's manufacturing PMI stood at 58.2, while its services PMI came in at 58.7. These are the highest figures among both developed and emerging markets.”

The data positions India as the current global leader in economic expansion across key sectors, reinforcing its steady rise as a strong performer on the world stage.

BI Bureau