Archive · 2 Jun 2025
India's Services Growth Edges Up, While China's Activity Slips in April
In April, India's service sector grew slightly, while China's services activity slowed down.
India's growth was driven by strong demand, especially in finance and insurance.
However, business confidence in India decreased.
In China, the services sector saw a decline, raising concerns about economic slowdown due to US tariffs.
This led to fewer new orders and a reduction in staff size, causing worry in the job market.
Overall, the contrasting trends reflect the different economic challenges and opportunities faced by the two countries.
India's service sector growth picked up slightly in April, reaching 58.7 on the PMI.
New business volumes in India increased sharply, with finance and insurance leading the growth.
China's services PMI fell to 50.7, the lowest in seven months.
China's new business orders saw the slowest rise since December 2022.
Analysts predict China's GDP growth will decelerate to 4.2% this year.
- Who
- HSBC, S&P Global, Caixin, and analysts
- What
- India's service sector growth edged up, while China's services activity slipped
- When
- April
- Where
- India and China
- Why
- Differing trends due to factors like demand, international trade, and economic policies
- India Services PMI (April)
- 58.7
- China Services PMI (April)
- 50.7
- India New Export Orders
- Fastest pace since July 2024
- China Future Activity Expectations
- Second-lowest level since 2005
- China GDP Forecast (2024)
- 4.2%
