How India is stacked compared with fellow fragile economies
Business Standard Among the 'Fragile Five' currencies as defined by Morgan Stanley, the rupee has emerged as the biggest gainer since August 28, 2013, when it had touched an all-time low of 68.85 to the dollar in intra-day trade. Key parameters show equity indices since then have gained the most in India. The current account deficit as a percentage of gross domestic product of India is the lowest. However, Consumer Price Index-based inflation continues to be the highest in India, compared with that in the other four countries.