India today is different from what it was in 2013: Morgan Stanley
In its report, the rating agency highlighted the 10 big changes, mostly because of India's policy choices, and their implications for its economy and market.
In its report, the rating agency highlighted the 10 big changes, mostly because of India's policy choices, and their implications for its economy and market.
The report titled 'Why This Is India's Decade' looked at the trends and policies shaping the future of India's economy. The four global trends -- demographics, digitalization, decarbonization, and deglobalization are favouring what it termed as New India, the report said. It said India would drive a fifth of global growth through the end of this decade.
India's wholesale price index-based inflation eased to 10.7 per cent in September as against 12.41 per cent recorded in the previous month, as per the government data released on Friday. Despite the decline, Whole Price Index (WPI) based inflation has, however, remained in double digits for the 18th month in a row.
A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand rebound in India, said Morgan Stanley on Wednesday.
Historically, Indian equities have entered bear markets when the US has slipped into recession, foreign brokerage, Morgan Stanley said in a report. The US interest rate cycle and, thus, the US dollar could continue to be a source of volatility for Indian equities in the coming months due to their negative effect on earnings and BoP.
This year, Bitcoin rose around 72 per cent after tech billionaire Elon Musk's electric vehicle company Tesla invested $1.5 billion in it.
The brokerage firm preferred SBI and other large private banks to play a major role in corporate recovery cycle.
The financial services company sees capital allocation, execution and de-gearing as key to the next leg of stock outperformance.
Intel Capital is 12th company to join taking total investment amount to Rs 1,17,588.45 crore against the 25.1 per cent of the total digital unit’s stake sold.
Morgan Stanley made the statement in its 53-page report called, ‘India's Digital Economy in a Post-COVID-19 World’.
