Posted 3/13/2024, 8:12:39 AM
India's Economic Boom Echoes Mid-2000s Driven by Urban Demand and High Investment
- Morgan Stanley report suggests India's current economic boom resembles the mid-2000s, driven by high investment levels
- Investment-to-GDP ratio expected to rise to 36% by 2027 from 34% currently
- Urban demand is outpacing rural demand, similar to 2003-07 cycle
- India's global market share in exports mirrors growth seen in mid-2000s, led by services
- Constraints like labor and logistics bottlenecks may emerge in next 18-24 months if growth cycle stays strong
