Overall, HSBC's Asia-wide outlook remains overweight on India, mainland China, Hong Kong and Indonesia, while staying underweight on Korea, Taiwan, Singapore, Japan and Thailand.

Global brokerage firm HSBC has raised its rating on India to “overweight” from “neutral,” highlighting strengthening macroeconomic fundamentals, supportive policies, and attractive valuations that are expected to drive consumption and corporate earnings.

In its Asia Equity Insights Quarterly Strategy Report released on Wednesday, September 24, HSBC noted that while Indian equities had underperformed other emerging markets over the past year due to a domestic slowdown and worries over steep US tariffs, the outlook has now turned favorable.

HSBC On Sensex And India Rating

“India now appears attractive on a

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