What does India's 'overweight' rating from Morgan Stanley mean?

What does India's 'overweight' rating from Morgan Stanley mean?

India was upgraded by Morgan Stanley from "equal weight" to "overweight," noting that it is currently the top-ranked and most-preferred market among emerging markets. An outlook of "overweight" indicates that Morgan Stanley anticipates India's economy to perform better going forward. 

With a GDP of only $2,500 per person and favourable demographic trends, India may be only beginning a long wave boom, according to Morgan Stanley.

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