Morgan Stanley upgrades India to 'standout overweight' amid strong economic growth
In a move that underscores India's growing economic strength, Wall Street firm Morgan Stanley has upgraded the country to"standout overweight". The decision acknowledges the robustness of India's macro-stability setup and its shift towards manufacturing under the China Plus One strategy, which was implemented in 2021-2022.
This upgrade has sparked a surge in domestic capital inflows, stimulating both Foreign Direct Investment and portfolio investments. Furthermore, Indian equities have earned the highest spot in Morgan Stanley's global equity investment ranking with a score of 68, outpacing Singapore, Greece, Mexico, and Poland.index by 45.5% in USD terms. This performance is indicative of India's strong position within the global economy and its potential for continued growth.
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