Posted 3/18/2024, 2:48:00 PM
India Faces Hurdles to Match China Growth But Still Seen as Major Emerging Market to Watch
- 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 bullish on India's growth prospects, seeing signs of mid-2000s style boom
- India not positioned to replace China as global manufacturing hub; China more advanced
- RBI rate cuts this year could be delayed or not happen if growth keeps surprising on the upside
