US broker Morgan Stanley said on Tuesday that India was the No. 1 market in the Asia Emerging Market (EM) package.
The earnings momentum is fairly stable and the political momentum is focused entirely on improving infrastructure and attractiveness in the global supply chain, said Daniel Blake, Asia and Emerging Markets strategist, Morgan Stanley, during a press conference on the outlook for the Asia strategy for mid-2021. Among Asian emerging markets for Morgan Stanley
The broker expects India’s earnings growth to see a huge jump in 2022 that will lower its value for money. Morgan Stanley is currently overweight and underweight six countries in the EM package.