Morgan Stanley bullish on New Delhi’s growth story, downgrades China ...News

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Morgan Stanley bullish on New Delhi’s growth story, downgrades China
source : Russia Today ( News ) () 31
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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