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Morgan Stanley Upgrades India's Status To 'Overweight', Downgrades China

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  • Published On: August 03, 2023
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Brokerage firm Morgan Stanley has changed India's status to 'overweight' as it believes that the nation's reform and macro-stability agenda supports a strong capex and profit outlook. A overweight rating means that the firm expects India's economy to perform better in the future. The upgrade in the backdrop of US losing AAA status and economic slowdown in China.
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