Growth in India, which already is strong and surging, may become more broad-based across both on the consumer and business spending side, indicated Morgan Stanley.
New Delhi [India], April 26: The Indian Institute of Art and Design (IIAD) recently hosted its Luxury Symposium, Delhi Chapter, an event designed to foster a dialogue between fashion business management students and established industry leaders from the luxury sector. The event brought toget
Asia's exports have been on a path of gradual improvement since August 2023, but the pace has picked up more so significantly in the past three months, according to Morgan Stanley.
Morgan Stanley is firm on India's growth outlook given the support it is getting from the domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook.
The report says productivity driven growth will contribute to a favourable outlook for India. With inflation projected at 4.5 per cent in the next fiscal and current account deficit forecasted to remain below 1.5 per cent of GDP during the same period.
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent, the seventh time in a row. The repo rate is the rate of interest at which the RBI lends to other banks.
entral banks the world over are likely to cut interest rates from June-July this year to bring real rates closer to the pre-Covid range, according to Morgan Stanley.
To fuel future growth investors are analysing the strong run up in chip designing and manufacturing for revenue growth and potential tailwinds in data centres need.
Investment rate in India is expected to accelerate to 36.2 per cent of GDP by 2026-27 from 32.2 per cent of GDP in 2022-23, according to Morgan Stanley.
According to Morgan Stanley, the outlook for India's GDP growth remains robust, with the expectation that growth will track around 7 per cent in the fourth quarter of the financial year 2023-24 (QE Mar-24).
Throughout January, fixed income investors observed marginal increases in yields alongside steeper curves across global developed markets, according to a Morgan Stanley study.
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level.