India Poised to Be Top Consumer Market: Morgan Stanley

India is set to become the world's most attractive consumer market while navigating a major economic and energy transition, according to Morgan Stanley.

- TBG NETWORK

India is poised to become the world's most sought-after consumer market while undergoing a significant energy transition, rising credit-to-GDP ratio, and expanding manufacturing sector, according to Morgan Stanley's latest report.

The report highlights that India is gaining a greater share in global output due to strong foundational factors such as robust population growth, a functioning democracy, macroeconomic stability, better infrastructure, a growing entrepreneurial class, and improved social outcomes.

The financial services giant expects India's economic growth to recover following a slowdown in the second half of 2024. It forecasts GDP growth at 6.3 per cent in FY2025 and 6.5 per cent in FY2026, driven by fiscal and monetary policy support, as well as a recovery in service exports.