India’s set for significant output surge: Credit growth, consumer demand, macro tailwinds in focus, says Morgan Stanley; oil prices, geopolitics seen as key risks
India is positioned to emerge as a more significant player in the global economy in the forthcoming decades, based on an analysis by Morgan Stanley. The analysis indicated that India’s increased credit-to-GDP ratio and expanding manufacturing sector will enhance its global economic influence.The nation’s growth trajectory is supported by several key factors, including sustained demographic…