India extends winning streak, is top emerging market for 10th straight month
India topped the chart for the 10th straight month with the best PMI reading, top-notch stock market performance, and strong exports growth. China climbed two spots to reach No.
2 as its inflation was the lowest amongst peers, and the yuan's gain against the dollar outshone other currencies. Brazil dropped one spot to third despite strong exports growth because of a weaker forex and stock performance than in November.
Methodology note: The tracker is a monthly summary of economic activity across nine large emerging markets based on seven high-frequency indicators: real GDP growth, manufacturing PMI, export growth, retail inflation, import cover, exchange rate movement, and stock market capitalization. Latest available data is used. On each indicator, the best-performing economy gets a score of 100, the worst one gets zero, and the others get linearly-interpolated relative scores. A country's composite index score is the simple average of its seven indicator scores. Earlier, the tracker had a 10th country, Russia, but it has been dropped temporarily as some data has not been reliably available since the Ukraine war began.
. Read more on livemint.com
