India has retained its top slot among key emerging markets. However, subdued export growth and weakness in wholesale passenger car sales could dampen the optimism
Robust GDP growth and manufacturing activity helped India retain the top spot among its emerging market peers in August. Weak export growth and high inflation remain a concern.
Robust manufacturing output and strong stock market performance propel it’s ranking to the top spot from third in the previous month. Relatively weaker export growth proved to be a drag.