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Tuesday, March 19, 2024

Morgan Stanley report endorses Modi Govt’s policies, says “this India is different from 2013, to drive global growth”

“Morgan Stanley report endorses Modi Govt’s policies, says, this India is different from 2013, to drive global growth”, Organiser, June 2, 2023:

“This India is different from what it was in 2013,” said the multi-national investment bank, Morgan Stanley, in its report titled ‘How India Has Transformed in Less than a Decade ’on India’s transformation in less than a decade.

The report describes how India has “gained positions in the world order with significant positive consequences for the macro and market outlook,” in the last decade, under Prime Minister Narendra Modi. As per the report, India “will emerge as a key driver for Asia and global growth.”

The report presents a snapshot of the significant changes in the past decade and their implications. The report states, “We run into significant skepticism about India, particularly with overseas investors, who say that India has not delivered its potential (despite its being the second-fastest-growing economy and among the top-performing stock markets over the past 25 years) and that equity valuations are too rich….”

Read the full article at Organiser.org

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