JPMorgan upgraded India's rating to 'overweight' from 'neutral' citing seasonal impact of elections to the Lok Sabha, India's Lower House of Parliament, and because of the country's strongest growth among emerging markets. According to BQ Prime, the rating agency has advised investors to use near-term correction/dip as an opportunity to...
Goldman Sachs Upgrades Outlook on India
With the strong possibility of a re-election for the Modi administration in India’s national elections that begin in April, Goldman Sachs is confident about India’s short-term economic prospects. The firm raised its outlook on India to “overweight” on high foreign fund inflows. Monetary easing by India's central bank, the Reserve...