Morgan Stanley raises India's GDP growth forecast to 6.8% for FY25
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
Morgan Stanley expects growth to be broad-based and the gaps between rural-urban consumption and private-public capex to narrow in FY25.
This influx is attributed to India's economic resilience, favourable investment climate, and rapid urbanisation.
"We are now seeing early signs of private capex gaining momentum," says Morgan Stanley.
India is emerging as a start-up nation, creating 12 lakh-plus jobs. The MSME sector, meanwhile, contributes more than 29% to the country’s GDP and is responsible for 50% of total exports.
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Capital spending by the government and strong manufacturing activity have meaningfully contributed to the robust growth outcomes in 2023, says Moody's
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