Indian Economy: By 2027, the Indian economy will be among the third largest economies in the world. Research agency Morgan Stanley has made this prediction. Morgan Stanley has said in its report that India’s GDP will double from the current $3.4 trillion to $8.5 trillion in the next 10 years. According to the report, India will add $ 400 billion to its GDP every year. More than this, only America and China are living in GDP.
Morgan Stanley has said in its report that the market capitalization of the Indian stock market will be the third highest in the world. According to the report, the market cap of the Indian market is projected to increase from $3.4 trillion to $11 trillion by 2032. However, all this will be possible only after a better domestic and global environment. It has been said in the report that for this, emphasis will have to be given on better policy to increase investment and employment opportunities.
According to Morgan Stanley, the implementation of GST has helped in the integration of the domestic market, along with reduction in corporate tax, production linked incentives to promote investment in different sectors in the country. is also getting the benefit of. According to the report, India’s share in services exports is already high and it has seen an increase during the pandemic.
According to Morgan Stanley, India’s GDP will increase by $ 3 trillion in the next seven years alone. According to the report, what is the GDP of India today, China used to be in 2007. According to the report, there has been a steady increase in the working population of India, which shows that India will continue to grow for a long time.
It has also been said in the report that India’s GDP is going to average 6.5 percent in the coming decade, while the average GDP of China can be 3.6 percent. According to the report, India is continuously increasing the expenditure on infrastructure, as well as it is going to get the benefit of digital infrastructure due to Aadhaar. According to Morgan Stanley, India is going to drive global growth, so there is a great investment opportunity for global investors along with multinational companies.