India outshines emerging market peers again in July, shows Mint's EM tracker
Also read: India’s retail inflation eases to 3.54% in July, lowest in five years Meanwhile, Brazil surged four positions to claim third place in the EM league table, fueled by robust exports and strong manufacturing activity. Notably, Brazil also had the highest import cover among its peers.
Also read: IMF hikes India’s FY25 GDP estimate by 20 bps to 7% 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: real GDP growth, manufacturing PMI, export growth, retail inflation, import cover, exchange rate movement, and stock market. The rankings are provisional and will be updated as the latest data becomes available.
Methodology note: The tracker is a monthly summary of economic activity across nine large emerging markets based on seven high-frequency indicators. 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.
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