New Delhi, March 23 -- India slipped by three ranks to the sixth position in the Mint's Emerging Markets Tracker in February as stock market rout, sharp depreciation in rupee and a slump in exports overshadowed strong GDP growth and Purchasing Managers' Index (PMI).

On the other hand, Brazil claimed the top rank for the first time since November 2023, as it outshone all other emerging markets in its currency performance and performed second-best in stock market capitalization. The Brazilian real posted a 4.5% month-on-month appreciation, and its stock market also recouped the losses posted in the previous month.







China secured the second rank, climbing three positions, due to a decent GDP growth, soft inflation print and a fairly s...