India to top China among emerging markets, equities rally at 'halfway mark', says MS

India to top China among emerging markets, equities rally at 'halfway mark', says MS

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/File Photo

India could soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that, though already among the best globally, is “only past the halfway mark”, Morgan Stanley said.