Morgan Stanley raises India GDP forecast after Q1 data ‘surprises positively’

Morgan Stanley raises India GDP forecast after Q1 data ‘surprises positively’

• In light of a positive surprise in the April-June quarter data, Morgan Stanley, the multinational investment bank, has revised its economic growth forecast for India for the fiscal year 2024. The bank has raised its projection from an earlier estimate of 6.2 percent to a more optimistic 6.4 percent. This upward revision is attributed to the strong performance of the Indian economy, driven primarily by robust domestic demand.
• In light of a positive surprise in the April-June quarter data, Morgan Stanley, the multinational investment bank, has revised its economic growth forecast for India for the fiscal year 2024. The bank has raised its projection from an earlier estimate of 6.2 percent to a more optimistic 6.4 percent. This upward revision is attributed to the strong performance of the Indian economy, driven primarily by robust domestic demand.

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Published date : 05 Sep 2023 03:46PM