Morgan Stanley's report compares India's current economic growth, driven by investment surge, to 2003-07 period.
Morgan Stanley's report "The Viewpoint: India - Why this feels like 2003-07" compares India's current economic growth, driven by a surge in investments, to the period between 2003-2007. The investment-to-GDP ratio is rising again, touching 34% of GDP and expected to further increase to 36% by FY2027. The current account balance remains within a comfortable range, and previous growth during 2003-07 saw an average GDP growth of 8.6% and an average headline CPI inflation of 4.8%. Key drivers include a rise in public capex initially and private capex rapidly catching up.
March 17, 2024
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