New Delhi, April 29 -- India became the best emerging market economy in 2024-25 for the fourth consecutive year despite facing turbulence in the second half of the year due to weak exports, sliding stock market capitalization and depreciating rupee, showed the Mint's Emerging Markets Tracker.

While stock markets emerged as one of the weak links in the second half of the year, a quick rebound in equities from disruption caused by the tariffs announcements by US President Donald Trump has seemingly made India a safe haven.

"India would be seen as a safe haven in certain terms among EMs and Asian economies as its economy is domestic demand driven," said Gaura Sengupta, chief economist, IDFC First Bank. "Our exposure to the tariff tension c...