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Business News/ Economy / India slides to 3rd spot in Mint EM tracker’s latest update

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India slides to 3rd spot in Mint EM tracker’s latest update

1 min read 30 May 2023, 07:15 PM IST Tanay Sukumar

India dropped from the top slot to third, even as China claimed the first position in April. India’s PMI was high but exports saw a contraction. Stock markets saw a recovery.

India slid from first to third. PMI was high but exports saw a contraction. Stock markets saw a recovery

Launched in September 2019, Mint’s Emerging Markets Tracker provides a summary of economic activity across 10 large emerging markets* based on seven high-frequency indicators. With a composite score of 66, China topped the EM league table in April. Brazil and India were second and third, respectively.

Top countries

China led the charts as it was the only country to have positive exports growth. Inflation was fairly under control.

Brazil jumped from seventh to the second spot. Exports contraction was minor, inflation was under control, and currency rose 4%.

India slid from first to third. PMI was high but exports saw a contraction. Stock markets saw a recovery.

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