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