India is ahead of China in GDP race, reports Morgan Stanley
Stanley upgrades India, downgrades china: American company Morgan Stanley has now upgraded India's status to 'overweight'. According to the latest report of the firm, India's reform and micro-stability agenda reinforces a strong capex and profit outlook.
The 'overweight' term suggests that the economy of India will perform better in future. The upgrade has come in the backdrop of US losing AAA Status and the ongoing economic slowdown in China.
India is marching ahead on the path of of achieving 6.2% GDP forecast as its macro indicators remain resilient, the firm revealed.
The experts from Morgan Stanley said, "India rises from 6 to 1 in our process, with relative valuations less extreme than in October, and India's ability to leverage multipolar world dynamics is a significant advantage."
The report further said, "India is arguably at the start of a long wave boom at the same time as China may be ending one."
The company has downgraded its rating on Chinese stocks to equal weight, saying investors should capitalise on a rally spurred by government stimulus agreement to make profits.
Assets of china have gotten a boost in recent days following a slew of promises from China to enhance the growth and revitalise the private sector. Experts further added that China need enough for shares to sustain growth and profit.
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