Posted 3/18/2024, 9:18:37 AM
India Faces Infrastructure and Workforce Hurdles to Matching China's Historic Growth Rates
- India unlikely to match China's 8-10% historic growth rates; Morgan Stanley forecasts 6.5-7% long-term growth
- India hampered by lack of infrastructure and low skilled workforce
- Morgan Stanley still optimistic about India's prospects, seeing signs of mid-2000s style boom
- India not positioned to replace China as global manufacturing hub given China's advances
- Strong Indian growth could influence RBI interest rate cuts, possibility of delay if growth surprises
