India will beat China says Morgan Stanley
By 2013-15, India will outpace China’s growth, predicts Morgan Stanley, basing its arguments on the same old demographic facts.
A Morgan Stanley (MS) report dated 13th August makes a bold statement: By 2013-15, India will start outpacing China’s gross domestic product (GDP) growth. Author Chetan Ahya (India & South East Asia economist at Morgan Stanley) is undoubtedly on the road meeting institutional clients and talking about the bullish stance of Morgan Stanley. Mr Ahya has been conservative about India’s prospects since 2004, highlighting the country’s fiscal deficit and current account deficit. So, it is interesting to see what arguments Morgan Stanley comes up with. Here is a gist of what the report says. This is the third in the series of reports titled “India and China: New Tigers of Asia”, the first of which came out in 2004. Read more here: Moneylife.in
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