So, it is no surprise that analysts at Nomura have raised India's rating to 'Overweight' from 'Neutral' in their latest analysis and one of the factors cited for this upgrade is the country's 'China plus on' strategy. While Nomura analysts have pointed to a weakness due to recent increase in global crude prices, the positives of India's economic potential and the short-term nature of risks due to high oil prices have been factored in. Nomura's confidence follows a similar rating upgrade by brokerage Morgan Stanley last month.