Breaking down Indian economy's unending energy

India, hailed as a "bright spot” amid a stressed global outlook, has retained its top position among key emerging markets (EMs) for 10 consecutive months, the latest edition of Mint’s monthly EM Tracker showed. The tracker, which assesses economic activity across 10 EMs based on seven high-frequency indicators, gave India a record-high score of 80.5 out of 100 in December 2023. The rank and score are provisional since some countries are yet to release full data. But among the indicators where all the data is available, India's robust manufacturing activity growth and upward stock movement stole the show. (India was…