India Tops Global PMI Charts in April 2025, Surpasses China and Major Economies

New Delhi | May 12, 2025 — India has emerged as the global leader in both manufacturing and services activity for April 2025, according to the latest Purchasing Managers' Index (PMI) data released by J.P. Morgan. The figures show that India’s economic momentum remains robust, outperforming both developed and emerging economies including China, the United States, and Eurozone nations.

India’s manufacturing PMI rose to 58.2, while the services PMI surged to 58.7, marking the highest levels globally for the month. A PMI reading above 50 indicates expansion in business activity, while a score below 50 reflects contraction. These figures demonstrate India's sustained growth and resilience amid global economic uncertainty.

In contrast, China’s manufacturing sector showed mixed signals with the Markit PMI at 50.4 and the National Bureau of Statistics (NBS) reading at 49, indicating stagnation and mild contraction, respectively. China’s services sector also underperformed, with the Markit services PMI at 50.7 and NBS at 50.1, both trailing significantly behind India’s 58.7.

The PMI data reflects a clear divergence in growth trends between India and other major economies. The U.S. saw its manufacturing PMI dip to 48.7, indicating contraction, while the services PMI hovered at 51.6, just above the expansion threshold. The Eurozone continued to grapple with sluggish performance, reporting a manufacturing PMI of 49 and services at 50.1—barely signaling expansion.

Country-specific figures further underscore India’s outperformance. France’s PMIs were weak, with manufacturing at 48.7 and services at 47.3, both in contraction. The UK’s numbers were even more concerning, with manufacturing at 45.4 and services at 49, firmly indicating a downturn in activity.

Economic analysts credit India’s strong PMI numbers to robust domestic demand, rising investment, and business confidence. The country’s growing stature in global supply chains and continued policy support have also contributed to the upbeat sentiment in both the manufacturing and services sectors.

“This is a clear indicator of India’s economic resilience and its increasing decoupling from global headwinds,” said a senior economist at J.P. Morgan. “The PMI numbers reflect strong fundamentals, improved capacity utilization, and healthy job creation.”

As global growth remains patchy, India’s PMI performance positions it as a bright spot in the world economy and a key driver of global recovery in 2025.