Kathmandu. Donald Trump has imposed tariffs in several countries since becoming president of the United States. Due to tariffs, the economic balance of some countries has been shaken. The cost of production has gone up.
JP Morgan has released the Purchasing Managers Index (PMI). In this index, different countries are listed on the basis of cost of production. India and China topped the list of countries with the lowest cost of production in the index.
India topped the global charts in both manufacturing and services activity. In April 2025, India’s production PMI was 58.2. While india’s service PMI was recorded at 58.7. These figures put India at the top of the list in developed and emerging markets.
It is worth noting that PMI is a major index reflecting financial health in the manufacturing and services sectors. The PMI being above 50 means that there has been an expansion in that area. Below this refers to contraction.
In this situation, not only China and america, but France is also behind India. India has become the cheapest country in the world in terms of cost of production.
So far known as the ‘factory of the world’, China comes after India and Vietnam is in third place.
The list includes 89 countries with the lowest production costs. In the top 10, Thailand is in fourth place after India, China and Vietnam, Philippines in fifth place, Bangladesh in sixth place, Indonesia in seventh place, Cambodia in eighth place and Malaysia and Sri Lanka in ninth and tenth place respectively.
France is the country with the highest cost of production in the list. Then comes the UK and Switzerland. Switzerland is followed by Australia, Germany, Canada and the UNITED States. – Agency
