In a playful nod to India’s prowess beyond the cricket pitch, Mahindra Group chairman, Anand Mahindra has tweeted a celebratory message, alluding to the country’s stellar performance in the economic ‘World Cup’ of emerging markets. This comment comes a few weeks after India’s narrow miss for the Cricket World Cup title, offering a silver lining against the backdrop of sporting heartbreak.
What Happened? The chairman shared a striking graphic of Mint’s “Emerging Markets Tracker,” which shows India scoring a robust 89 out of a possible 100 on a composite index of economic indicators. This score is a testament to the country’s economic resilience and growth, leading the pack of top emerging markets worldwide for October 2023.
India’s economy hit a six with an impressive 7.8% growth in GDP, outpacing peers and indicating a robust expansion. The manufacturing sector is on a steady batting streak, with a Purchasing Managers’ Index (PMI) of 55.5, signifying a healthy uptick in factory activity. In the global arena, India’s exports have soared by 12.7%, showcasing the country’s competitive edge and diversified trade prowess.
Amidst a challenging global economic landscape, India’s performance is a beacon of optimism. The chairman’s tweet not only injects a dose of humour in light of the cricket loss but also shifts the spotlight to India’s economic achievements.
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