UBS, a leading global financial services firm, has revised India’s equity rating to ‘Neutral’ as part of a defensive move in its emerging market strategy, focusing on economies with a domestic-oriented approach. The decision comes as UBS recognizes India’s robust attributes such as strong earnings resilience and advantages from lower oil prices. However, the firm also expresses apprehension regarding the subdued performance of corporate earnings in the country. This shift in rating reflects UBS’s current assessment of India’s investment landscape and its position within the emerging market sector. Investors and market participants are advised to consider these factors while making decisions about their portfolios in the Indian equity market.