New Delhi, Oct. 27 -- India secured the second rank in Mint's Emerging Markets (EM) Tracker for September, losing the top position to China as a weak rupee and subdued stock market outweighed strength in GDP growth and manufacturing activity. China secured the top position, supported by strong stock market gains, solid export growth and robust import cover.

India scored 69 on the composite index (the overall performance based on seven high-frequency indicators), behind China's 78. The rupee weakened 0.8% month-on-month, while stock market capitalization rose only 0.5%, trailing most emerging market peers.







Still, the economy remained one of the strongest in the group, with 7.8% GDP growth recorded in the June quarter and a manufact...