India regains top spot in EM tracker, but higher cost pressures continue to linger
• India has reclaimed the top position in Mint's Emerging Markets Tracker, driven by robust factory activity and stronger export growth. • The tracker, launched in September 2019, evaluates 12 emerging economies based on seven high-frequency indicators, including GDP growth and manufacturing PMI. • Despite this growth, businesses face lingering cost pressures and elevated wholesale inflation caused by crude price spikes during the West Asia war.
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