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Global Strategists Bet on India But See Asia Growth Decelerating
Financial Express Pune
|April 23, 2025
GLOBAL STRATEGISTS AT Morgan Stanley and Bank of America (BofA) are positive on India even as the latter downgraded its forecasts for Asia amid persistent pressures from tariff shocks.
However, they believe that uncertainty is still at historic levels and weak global markets can cap absolute returns.
Morgan Stanley noted that India's low beta is helping it to significantly outperform amid the global equity price volatility. "Weak global markets can cap absolute returns, whereas a global bull market could coincide with relative underperformance for a low beta market like India," it said.
This story is from the April 23, 2025 edition of Financial Express Pune.
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