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Indian equities hold promise: 'Rewards will come, require patience'; see what Morgan Stanley has to say
Morgan Stanley's report indicates Indian equities are undervalued, presenting long-term opportunities despite global challenges. India's resilience is attributed to strong macro stability, including improving trade terms and declining deficits. Projected earnings growth and a shift towards domestic cyclicals suggest a focus on internal growth, anticipating India's outperformance in emerging markets.
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