Hello User
Sign in
Hello
Sign Out
Subscribe
Next Story
Business News/ Economy / India slipped to third spot among EM peers in May

India slipped to third spot among EM peers in May

While the Philippines came on the top, India’s ranking got dragged down by the turmoil in the stock market, depreciating rupee and elevated inflation

India fell from the first rank the previous month as its stock market performance turned out to be one of the worst in May

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 65, the Philippines topped the EM league table in May. Russia emerged second, followed by India at the third spot.

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 65, the Philippines topped the EM league table in May. Russia emerged second, followed by India at the third spot.

Top 3 countries:

Hi! You’re reading a premium article! Subscribe now to continue reading.

Subscribe now
Already subscribed?

Premium benefits

  • 35+ Premium articles every day
  • Specially curated Newsletters every day
  • Access to 15+ Print edition articles every day
  • Subscriber only webinar by specialist journalists
  • E Paper, Archives, select The Wall Street Journal & The Economist articles
  • Access to Subscriber only specials : Infographics I Podcasts

Unlock 35+ well researched
premium articles every day

Access to global insights with
100+ exclusive articles from
international publications

Get complimentary access to
3+ investment based apps

TRENDLYNE Get One Month GuruQ plan at Rs 1
FINOLOGY Free finology subscription for 1 month.
SMALLCASE 20% off on all smallcases

5+ subscriber only newsletters
specially curated by the experts

Free access to e-paper and
WhatsApp updates

Top 3 countries:

The Philippines topped the EM table buoyed by robust manufacturing activity and strong GDP growth. The Philippine peso, though down against the dollar, performed fairly better than other peers amid global turmoil.

Russia stood second despite the war with Ukraine and sanctions impacting economic activity. This was mainly on account of a sharp month-on-month rise in market capitalisation due to low base effect.

India fell from the first rank the previous month as its stock market performance turned out to be one of the worst in May. Weak rupee and elevated inflation also proved to be drags.

ABOUT THE AUTHOR

Nandita Venkatesan

Nandita Venkatesan is a data journalist at Mint, and has a keen interest in understanding the usefulness of data in driving sound public discourse and informing policymaking. Her work experience spans across journalism and health research. She was part of Time magazine's "Time100 Next 2023" list for her work in making essential generic pharmaceutical drugs cheaper.
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.