PMI data shows India’s manufacturing sector expanding at 8.2% while China slows to 5.1%.
For the first time in five years, India has overtaken China in the manufacturing growth index. According to the latest Purchasing Managers’ Index (PMI) data released today, India’s manufacturing sector expanded by 8.2% in April 2026, while China’s growth slowed to 5.1%. This marks a significant milestone in India’s economic trajectory.