Developed and emerging economies have been outpaced by India in economic activity, with robust expansion in both manufacturing and services sectors being shown by April 2025 PMI figures from JP Morgan. Domestic demand and business optimism are credited by analysts for India's strong performance.
According to the most recent purchasing managers Index (PMI) data from JP Morgan, India has become the world leader in both manufacturing and services activities for April 2025. Out of all major and emerging economies, India had the strongest growth, with its manufacturing unit PMI at 58.2 and its services PMI even higher at 58.7. This indicates that the economy is growing steadily and healthily.
One important economic indicator that shows the state of the industrial and services sectors is the purchasing managers Index (PMI). A score of 50 shows no change, a score of less than 50 implies contraction, and a score above 50 indicates growth. Based on current data, India is firmly is an expansionary period driven by macroeconomic stability, strong domestic demand, and corporate optimism.
China manufacturing PMI was 50.4 ( Markit) and 49 ( National Bureau of statistics), while its services PMI was 50.7 (Markit) and 50.1( NBS), indicating a sahrp decline in performance. These numbers highlight weaker pace in the second-largest economy in the World, even if it still technically in growth zone.
Economists say the data highlights India's resilience and long-term potential as a global growth engine. The country has managed to sustain momentum even as several advanced economies struggle with inflationary
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