India, emerging markets lag US in first 100 days of Joe Biden as president

Joe Biden’s first 100 days as US president have proved good for the American markets, with the S&P 500 index surging over 10 per cent. India and most emerging markets (EMs), on the other hand, posted declines during the same period. Typically, most global markets move in tandem but strong economic growth in the US, coupled with aggressive stimulus measures and rapid vaccination, has propelled the world’s biggest market. Uneven economic recovery, the resurgence of coronavirus, and slow vaccination progress have crippled emerging markets like India.
 
“In the US, the vaccination rollout was smooth. They have already vaccinated 60