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Morgan Stanley bullish on New Delhi’s growth story, downgrades China ...News
The global brokerage placed India in the top spot among emerging markets Brokerage firm Morgan Stanley has upgraded India’s status to ‘overweight’ in its economic outlook. This move reflects a positive view of the world’s fifth-largest economy, even amid global headwinds caused by persistent inflationary pressures and geopolitical challenges. China has been downgraded to ‘equal-weight’ in the same assessment. The brokerage expects the Indian economy to perform better in the future, despite global uncertainties. In a note released on Wednesday, the firm pegged India’s year-on-year growth through the decade, ending
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