Reports from global brokerages and consultancies show that India’s economy is poised to take off. Some add that China’s economy is likely to enter a difficult phase. Here’s what they say
What does the Indian economy today have in common with the children’s classic story "Goldilocks and the Three Bears"? It’s not too hot, not too cold, not too hard, not too soft. In fact, as the baby bear says in the story, “It’s just right”. Here’s what different consultancies and the finance ministry have to say about the economy.
Morgan Stanley has downgraded its outlook for China even as it upgraded India. In a recent report, the global brokerage gave India top rating among Asian emerging markets. Of the 27 countries tracked by Morgan Stanley’s Asia strategists, India rose to No. 1 from No. 6 earlier with relative valuations for the country less extreme than in October 2022.
Morgan Stanley has downgraded its outlook for China even as it upgraded India. In a recent report, the global brokerage gave India top rating among Asian emerging markets. Of the 27 countries tracked by Morgan Stanley’s Asia strategists, India rose to No. 1 from No. 6 earlier with relative valuations for the country less extreme than in October 2022.