EMT: India secures top rank again in July among EM peers as stock market posts gains
New Delhi, Aug. 25 -- For the third month in a row, India secured the first rank by maintaining a solid lead over its emerging-market peers, shows Mint's Emerging Markets Tracker (EMT). India posted the second-best performance among the 12 economies in stock markets, GDP growth and the purchasing managers' index (PMI) manufacturing, which helped the country lift its average score even as its export and currency ranks were among the lowest.
India retained the first rank in June with a score of 77.3, comfortably ahead of Vietnam (73.2) and Malaysia (73.1). While the top two rankings have remained unchanged from May, India's lead narrowed compared to last month as currency and manufacturing activity weakened and inflation rose further.
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