India, April 27 -- In a matter of days, two renowned brokerage houses have downgraded Indian equities, one to 'neutral,' and other from neutral to 'underweight.' In contrast, both contend that other Asian markets, specifically Taiwan, offer better odds and better bets. In the case of HSBC, the dragging down to underweight was the second cut in less than a month. In the case of JP Morgan, Taiwan offers the best opportunity, and other Asian and Latin American peers, such as China, Brazil, and South Korea, offer cheaper and exciting entry points. Of course, macroeconomics matters, as the risks of persistent inflation and slow growth in India "most closely resemble another bout of stagflation," according to JP Morgan. In its note, HSBC stated...