India loses top EM spot in September as Vietnam surges
In short
India lost the top emerging-market spot in September as Vietnam surged in exports and stocks.
India still has strong growth and manufacturing, but money leaving the country and weaker currency and shares are hurting it. The ranking method and the full numbers are not stated in the available reporting.
What the reporting says
India lost the top emerging-market spot in September as Vietnam surged in exports and stocks, according to publisher-supplied reporting. The reporting says India still has strong GDP growth and domestic manufacturing, but foreign capital outflows and weakness in the currency and stock market are weighing on its position. The immediate consequence is a relative shift in investor preference; the exact ranking method is not stated.
Why it matters
India lost the top emerging-market spot in September while Vietnam gained ground on stronger exports and stocks. The snippet says India still has robust GDP growth and solid domestic manufacturing, but foreign capital outflows plus weakness in the currency and stock market are hurting its standing. The reporting does not explain the ranking model or give the exact comparison data, so the scale of the shift is unclear.