March 2025 marked a new chapter for India's manufacturing sector, showcasing its fastest growth pace in eight months. This resurgent performance was driven primarily by robust domestic demand, which has effectively offset more than a year of previous contraction. The HSBC India Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 58.1 from February's 56.3, comfortably above the 50.0 threshold that separates growth from decline.

In March, manufacturing activity in China surged to its fastest pace in a year, according to a survey conducted among factories nationwide. A significant boost in new orders has invigorated production, providing a welcome respite for the world's second-largest economy amid an escalating trade war with the United States. This growth serves as a compelling indicator to policymakers that the financial support implemented this year is paying off. With an economic valuation of approximately 18 trillion dollars, the country is poised to benefit even further as international buyers begin to stock up in anticipation of further trade restrictions imposed by the U.S.