In a recent development, UBS has raised India’s equity rating to ‘Neutral’ as part of a defensive move in its emerging market strategy, with a preference for economies that are more focused on domestic factors. The decision comes as UBS recognizes India’s resilience in terms of earnings and its advantage from lower oil prices. However, the investment firm has expressed apprehensions about the subdued performance of corporate earnings in the country. This upgrade in India’s equity rating by UBS signifies a shift in focus towards economies that are less affected by external factors and more reliant on internal dynamics. This move is likely to have an impact on the investment landscape in India, with potential implications for investors and market participants. Stay updated for more insights on India’s equity market and the global investment scenario.