India Leads Global Rankings In Manufacturing And Services Growth: J.P. Morgan Report

New Delhi, May 13 (KNN) India has emerged as the global frontrunner in both manufacturing and services activity, according to the latest Purchasing Managers' Index (PMI) data released by J.P. Morgan.

The report highlights that for April 2025, India's manufacturing PMI stood at 58.2, while the services PMI reached 58.7—marking the highest levels among developed and emerging economies alike.

The PMI is a widely tracked economic indicator that measures business activity in the manufacturing and services sectors. A PMI reading above 50 indicates expansion, whereas a figure below 50 reflects contraction.

India's robust performance, with both readings significantly above the threshold, points to continued steady growth and resilience in its economy.

In contrast, China’s manufacturing activity showed comparatively modest results. The PMI reported by IHS Markit stood at 50.4, while the figure released by China’s National Bureau of Statistics (NBS) was 49.0, indicating contraction in the sector.

China’s services sector also lagged behind, with PMI readings of 50.7 (Markit) and 50.1 (NBS), reflecting slower expansion when compared to India.

Major economies such as the United States, the Eurozone, the United Kingdom, and France reported mixed or weaker PMI figures. The U.S. registered a manufacturing PMI of 48.7, indicating contraction, and a services PMI of 51.6, pointing to marginal growth.

The Eurozone also showed sluggish momentum, with manufacturing at 49.0 and services at 50.1.

France and the United Kingdom reported some of the weakest PMI results. The UK's manufacturing and services PMIs stood at 45.4 and 49.0 respectively, while France recorded 48.7 in manufacturing and 47.3 in services—both firmly in contraction territory.

Overall, the global PMI data for April 2025 underscores India’s leading position in economic activity across both sectors. These figures reflect strong domestic demand, heightened business confidence, and sustained economic strength.

(KNN Bureau)