The Indian economy will likely be the third-largest in the world with a gross domestic product of $6 trillion by 2027. In that period, the benchmark BSE Sensex could reach the 1,30,000 mark. These are some of the projections made by the Morgan Stanley Research team for India.
Over the next decade, domestic-led sectors such as financials and consumers will grow at the expense of external-facing sectors such as software services and pharmaceuticals as India grows at a faster pace than the global economy, Ridham Desai, head of India equity research and managing director at the global investment bank told BloombergQuint in an interview.
Watch the full interview here.
Here are edited excerpts from the conversation.
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Source: Global Economy