- Tuesday, April 30, 2024
By: Eastern Eye Staff
In the report, on Wednesday Morgan Stanley said India’s digitisation drive would provide a boost of 50-75 basis points to GDP growth in the coming decade. “We estimate that digitisation will provide a boost of 50-75 basis points to GDP growth and forecast that India will grow to USD 6 trillion economy and achieve upper-middle income status by by 2026-27,” Morgan Stanley head India research and India equity strategist Ridham Desai told reporters in Mumbai. “We expect India’s real and nominal GDP growth to compound annually by 7.1% and 11.2% respectively over the coming decade,” he added. Global brokerage company Morgan Stanley said that India is expected to be a $6 trillion economy…
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