Morgan Stanley remains positive on the Indian economy, after the latest GDP print showed growth of 7.4%, while Gross Value Added (GVA) growth came in at 6.8% — both higher than earlier expectations.
The brokerage highlighted that the growth was led by improved industrial activity, with manufacturing and construction sectors contributing strongly to the upside.
However, Morgan Stanley also cautioned that growth may moderate going forward, given the backdrop of weak global demand.
It further noted that it is closely monitoring domestic policy trends as well as potential impacts from global tariffs, which could shape the near-term growth trajectory.
Overall, Morgan Stanley remains constructive on India’s macro outlook but flagged the need to watch for external risks and policy dynamics in the quarters ahead.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
