India slides to 3rd spot in Mint EM tracker’s latest update1 min read 30 May 2023, 07:15 PM IST
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.
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.