India ends FY24 with a hat trick as No. 1 emerging market: Mint tracker

India has maintained its position as the best-performing emerging market (EM) economy for three consecutive fiscal years, according to a monthly Mint tracker. This achievement is underpinned by consistently high manufacturing activity, relatively controlled inflation, and lately, superior economic growth. Despite fluctuating monthly rankings among a selection of nine EMs, India’s annual ranking (based on the average of monthly scores) has consistently been No. 1 for the fiscal years 2021-22, 2022-23, and 2023-24. In 2023-24, India led the rankings for 10 of the 12 months, only falling to second place in April and November 2023. Over the last three fiscal…