New Delhi: India under the leadership of Prime Minister Narendra Modi is steadily moving forward in several key areas including economic growth despite the tariff tensions with the United States or the strained environment with Pakistan. Recently India made a massive jump and surpassed Japan to become the fourth-largest economy in the world proving its growing global presence. India has also made its mark globally in both the manufacturing and service sectors. A recent statistic reveals that India now leads the world in having the lowest manufacturing costs. Even China trails behind. The data published by the World of Statistics and sourced from U.S. News & World Report could be a worrying sign for Chinas close ally Pakistan. In this list after India China and Vietnam Thailand ranks fourth followed by the Philippines at fifth Bangladesh at sixth Indonesia at seventh Cambodia at eighth and Malaysia and Sri Lanka at ninth and tenth positions respectively. Countries have the cheapest manufacturing costs: 1.🇮🇳 India 2.🇨🇳 China 3.🇻🇳 Vietnam 4.🇹🇭 Thailand 5.🇵🇭 Philippines 6.🇧🇩 Bangladesh 7.🇮🇩 Indonesia 8.🇰🇭 Cambodia 9.🇲🇾 Malaysia 10.🇱🇰 Sri Lanka ~ 12.🇬🇭 Ghana 13.🇰🇪 Kenya 14.🇲🇽 Mexico 16.🇿🇦 South Africa 20.🇨🇴 Colombia 22.🇸🇻 El… — World of Statistics (@stats_feed) May 29 2025 India Beats China Indias Manufacturing PMI stood at 58.2 in April 2025 while its Services PMI was recorded at 58.7 according to the Purchasing Managers Index (PMI) data released by JP Morgan. These figures place India at the forefront among developed and emerging markets. It is important to note that the PMI is a pivotal index indicating the financial health of the manufacturing and service sectors—anything above 50 signifies expansion while anything below reflects contraction. In this regard not just China and the U.S. even France trails behind India. According to The World of Statistics citing U.S. News & World Report India has become the most cost-effective country in the world for manufacturing. China once famously known as the factory of the world now ranks second followed by Vietnam in third place. Where Is Manufacturing the Most Expensive? According to the latest list shared by World of Statistics on social media platform X (formerly Twitter) France tops the list when it comes to the highest manufacturing costs. Following France are the United Kingdom and Switzerland. Other countries with high manufacturing costs include Australia Germany Canada and the United States (USA).