Morgan Stanley lauds Modi govt for transforming India in less than a decade
After the World Bank and United Nations, US-based global investment bank Morgan Stanley has reaffirmed faith in the India story. In a report detailing India’s transformation over the last 10 years,
Morgan Stanley credited the government’s policy choices for making India gain a significant position in the world order with positive consequences for the macro and market outlook.
The report titled ‘India Equity Strategy and Economics: How India Has Transformed in Less than a Decade’ reviewed India’s policy changes since 2014 in areas like Supply-side reforms, formalization of the economy,
Real Estate, digitalizing social benefit transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI and government support for corporate profits. It commended the government led by Prime Minister Narendra Modi for bringing corporate tax at par with peers and expediting infrastructure investment.