India tops emerging market tracker for 3rd time in a row

Mint’s Emerging Markets Tracker, launched in September 2019, takes into account seven high-frequency indicators across 10 large EMs to assess India’s relative position in the league table. It is updated around the third week of every month, once all the data is available. The looming interest rate hikes by the US Federal Reserve and the Ukraine crisis weighed on the performance of peers such as China and Russia, while other countries grappled with slow economic growth and high inflation.