Posted 3/19/2024, 2:55:06 AM
India's Economy Primed for Steady 6.5-7% Growth Despite Infrastructure and Workforce Hurdles
- India's economy likely to grow steadily at 6.5-7% over long term, not 8-10% like China's in the past
- Infrastructure gaps and low skilled workforce hindering faster growth
- Investment and capital expenditure emerging as key growth drivers now
- Public capex driving growth so far, corporate sector still working through shocks
- Morgan Stanley remains optimistic on India's economic prospects overall
