By Admin 
PMI: American Financial Service Provider JP Morgan has released his PMI data. India is at the top of both manufacturing and service sector compared to other countries of the world. According to this data, India’s manufacturing PMI stood at 58.2 in April 2025, while the PMI of the service sector was 58.7. These figures are the highest among both developed and emerging markets. This shows that India’s manufacturing and service sector is moving forward. At the same time, if you talk about composite PMI, then it was 59.7 in April, while it was 59.5 in March. Composite PMI is prepared by mixing both manufacturing and service sectors. & Nbsp;
What is PMI? & Nbsp;
Let us know that the full form of PMI is the purchasing managers index, which works to measure the economic health of the manufacturing sector. With its help, the economic condition of a country is assessed. PMI is usually based on new orders, inventory levels, supply delivery, production and employment.
Purchasing Manager Index was launched in 1948 by the US -based Institute of Supply Management (ISM), which only works for America. Market Group resorts to PMI to find out the business and manufacturing environment of the world’s other countries. & Nbsp;
This is so much PMI
50 in PMI data is considered a base. The above PMI figure above this means expanding the business. Whereas the PMI below this means that business activity is decreasing. India’s service PMI remained strong at 58.5 even in March.
India is performing better than other big economies. If we talk about China, China’s manufacturing PMI was at 50.4 and 49 respectively according to both the market and National Statistics Bureau (NBS). & Nbsp;
There is something like America
China is also behind India in the service sector. China’s market service PMI stood at 50.7, while the official NBS data was 50.1. This figure is fine, but is below India. There have been mixed indications from other major economies like America, Eurozone, Britain and Japan. According to ISM, America’s manufacturing PMI is 48.7, while the service PMI is 51.6. This shows to move beyond the lethargy of both manufacturing and service sectors. & Nbsp;
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