Morgan Stanley report : India transformed in less than a decade different from 2013
Morgan Stanley report : The corporate tax rate in India has been below 25 per cent over the last 10 years while it remains at 15 per cent for new companies starting operations before March 24. In terms of infrastructure development, the research discusses factors such as national highways, broadband subscriber base, renewable energy and railway routes.
Morgan Stanley Research has said in a report that in a short span of 10 years, India has strengthened its position in the world. During this, important positive results have emerged for the macro and market scenario. The report titled India Equity Strategy and Economics: How India has changed in less than a decade highlights 10 big changes. Most of these deal with India’s policy choices and their effects on its economy and markets.
The report said, ‘This is a different India than in 2013. In a short span of 10 years, India has moved up in the world order with significant positive results for the macro and market outlook. We present a snapshot of these changes and their effects.” According to the report, ‘We are very skeptical about India, especially with foreign investors, who say that India has lost its potential (the second fastest growing economy and being one of the top performing stock markets over the past 25 years) has not performed so far. Equity valuations are very rich. ‘However, such an outlook may reflect the significant changes that have taken place in India,’ the report said. ignores, especially since 2014.
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