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India slips to bottom of EM rungs for the second time in six months -Tauseef Shahidi

-Livemint.com

* India’s economic activity still appears weak compared to peers, shows the November edition of Mint’s Emerging Markets Tracker

India slipped to the bottom of the heap among key emerging markets in November despite reporting better-than-expected GDP figures for the September quarter, the latest update to Mint’s emerging markets tracker shows.

The ranking, the worst since June, indicates that India is finding it harder to regain lost ground compared to emerging market peers. Exports, for instance, had risen in September, but have contracted two months in a row now. Most emerging markets have reported declines in exports during the pandemic months, but India’s numbers—8.7% year-on-year contraction in November—have been worse.

China has been the big outlier among emerging markets, with exports growing 21% in November, the sixth straight month of growth and the best since February 2018.

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