Morgan Stanley Ranks India No 1 in Asian Emerging Markets List, Upgrades Indian Stocks to Overweight Rating and Downgrades China to Equal-Weight
Morgan Stanley elevates India to the top spot among Asian emerging markets, citing structural growth and favorable demographics, while concurrently downgrading China due to post-Covid demand challenges.
In a significant move, top global brokerage firm Morgan Stanley has raised India to the No. 1 position in its roster of Asian emerging markets, excluding Japan. Indian stocks have been upgraded to an overweight rating, reflecting the firm's anticipation of a stronger performance by India's economy in the future. The upgrade comes as India surged five places in Morgan Stanley's rankings, surpassing nations such as Korea and UAE. Additionally, China has been downgraded to an equal-weight rating as its domestic demand struggles to recover post-Covid. Morgan Stanley's report highlights India's structural growth trend, favourable demographics, and improved labour productivity as factors contributing to its growth outlook. Morgan Stanley Layoffs: Investment Banking Company to Cut 7% Jobs in Asia-Pacific Region Amid Worsening Economic Condition.
Morgan Stanley Upgrades India, Downgrades China in Market Ratings
#MorganStanley upgrades #India to overweight rating & downgrades #China to equal-weight rating#MS pic.twitter.com/uxZjVBJ8GT
— CNBC-TV18 (@CNBCTV18Live) August 3, 2023
#MorganStanley has recently upgraded India's status to 'overweight',as it is of the view that the country is poised for substantial and sustained economic growth, at a time when the rest of the world is slowing down.
It has downgraded its rating on China to 'equal-weight'
Conti.
— Ruchi Rathor (@ruchi_rathor) August 3, 2023
(The above story first appeared on LatestLY on Aug 03, 2023 11:26 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
