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India's economic growth resembles 2003-07: Morgan Stanley report

IndiaTimes Sunday, 17 March 2024
India's current economic growth, reminiscent of 2003-07, is driven by increased investments shifting towards capital expenditure. Urban consumers lead consumption growth, with rising rural demand. Market share in global exports grows, while managing macroeconomic stability risks effectively. Investment-to-GDP ratio rising, expected to reach 36% by 2027. Public capex drives growth, private capex catching up.
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