Morgan Stanley Bullish on India : Expects it to grow at 7.5% in 2018

Global Brokerage major Morgan Stanley is bullish on India. In its latest release, the investment bank has said it expects that India will scale to 7.5% GDP growth rate in 2018 with reforms such as GST pushing the growth targets northwards

“This sets the stage for a fully fledged recovery in 2018, and we expect real GDP growth to accelerate from 6.4% in 2017 to 7.5% in 2018 and further to 7.7% in 2019,” Morgan Stanley said in a research note.