Worst Behind for India’s Growth Story: Morgan Stanley

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Investment bank Morgan Stanley on Monday said the worst is behind for India’s growth story and a steady pace of policy reforms will lay the foundation for real gross domestic product (GDP) growth to average 6.75% over the next decade.

“If our projections were to come to fruition, India’s economy would pass the $5 trillion mark (by 2025), a feat that has been achieved by only the US and China thus far, and would make India the fifth largest economy (from 10th currently) in the world. Accordingly, India’s consumption and investment opportunities would rise to $3.6 trillion and $1.9 trillion, respectively,” it said in a report released on Monday titled The Next India: From a cyclical downturn to a structural upturn. Original post at Livemint

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Wahengbam Rorrkychand

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