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'This India is different from what it was in 2013': Morgan Stanley

Work on autonomous cars is on full throttle in India
Prime Minister Narendra Modi
NEW DELHI: Morgan Stanley, the US-based global investment bank, has come out with a report detailing India's transformation under the Narendra Modi government. In a big endorsement for the Modi government, the Morgan Stanley report highlights how India has undergone significant changes because of the government's policy choices, especially since 2014.
"This India is different from what it was in 2013. In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," the report said.
The report, India Equity Strategy and Economics: How India Has Transformed in Less than a Decade, highlights the 10 big changes, mostly because of India's policy choices, and their implications for its economy and market.
Morgan Stanley's Research had taken these 10 big changes: Supply-side policy reforms, formalisation of the economy, Real Estate (Regulation and Development) Act, digitalizing social transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI, India's 401(k) moment, government support for corporate profits and MNC sentiment at multiyear high, while filing the report.
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Wednesday, May 31, 2023 at 7:41 am

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