India Tops Global PMI Rankings in Manufacturing and Services in April 2025 Says JP Morgan.
International
In May 2025, JP Morgan, headquartered in New York, USA, released its latest Purchasing Managers’ Index (PMI) report for April 2025, highlighting that India has outperformed both developed and emerging economies in terms of manufacturing and services activity.
- According to the report, India’s Manufacturing PMI stood at 58.2, while the Services PMI reached 58.7—the highest figures among all surveyed nations. These strong indicators showcase India’s sustained economic momentum across both key sectors.
- In contrast, the Global Manufacturing PMI, a composite index jointly developed by JP Morgan and S&P Global Market Intelligence, declined to 49.8 in April 2025, down from 50.3 in March 2025, reflecting a contraction in global manufacturing activity.
Main Point :- (i) The JP Morgan Global Manufacturing PMI is calculated in collaboration with S&P Global Market Intelligence, the Institute for Supply Management (ISM), and the International Federation of Purchasing and Supply Management (IFPSM). It is based on monthly surveys of purchasing executives across over 30 countries, representing a major portion of global manufacturing output.
(ii) India's top position in the PMI rankings signals its growing strength in industrial output and service-sector resilience, even as other global economies face headwinds.
(iii) This robust performance aligns with India’s broader economic growth and reflects improving demand conditions, strong business confidence, and increased investment activity across sectors.
About JP Morgan Chase & Co.:
Chairman & CEO: Jamie Dimon
Headquarters: New York, United States of America (USA)
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