New Delhi, Nov. 26 -- India held on to the third position in Mint's Emerging Market Tracker for October even as a sharp contraction in exports, continued depreciation of the rupee, and muted market performance dragged its score down. Indonesia, meanwhile, surged to the top of the rankings - from seventh place last month - on the back of strong export momentum and improving manufacturing activity.







India's export growth contracted by 11.8% year-on-year-the sharpest decline among all emerging markets covered-while stock market capitalization rose just 0.2% month-on-month, making it one of the weakest performers on this metric. The rupee also slipped by 0.1%, compared to a depreciation of 0.8% last month.

Indonesia secured a composite...