According to analysts at Morgan Stanley, India’s GDP growth will average 7% during this time, which is the strongest among the largest economies, and India will contribute 28% and 22% to both Asian and global growth, respectively. This makes India the fastest-growing Asian economy in the Asian region in 2022–2023. They claimed that due to the release of dormant demand, the Indian economy is poised for its strongest performance in more than a decade.
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The Reserve Bank of India (RBI) has increased policy rates by a total of 140 basis points (bps) in fast succession since May 2022, bringing them to 5.4 percent, just a little higher than pre-pandemic levels of 5.1 percent. Along with the decline in commodity prices, the economy’s reopening earlier this year has also contributed to the recovery of India’s GDP growth. According to Morgan Stanley, demand has recently surged as a result of rising mobility and sustained levels above pre-Covid levels.
The corporate headquarters of the global American financial services and investment management firm Morgan Stanley is located at 1585 Broadway in Midtown Manhattan, New York City. Clients of the Morgan Stanley firm, which has offices in more than 41 nations and more than 75,000 workers, include businesses, governments, institutions, and people. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.
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