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India to be third largest economy by 2028: Morgan Stanley

YourStory

YourStory · 5m ago

India to be third largest economy by 2028: Morgan Stanley

India is projected to become the third-largest global economy by 2028, according to Morgan Stanley. With a robust consumer market and macro stability, India's economy is expected to grow from $3.5 trillion in 2023 to $5.7 trillion by 2028. The country's share in world GDP could rise to 4.5% by 2029. Growth scenarios project the economy reaching between $6.6 trillion and $10.3 trillion by 2035, driven by domestic demand, policy support, and infrastructure improvements.

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States, UTs crucial to India's rise as world’s third-largest economy by 2028: Morgan Stanley

Economic Times

Economic Times · 1m ago

States, UTs crucial to India's rise as world’s third-largest economy by 2028: Morgan Stanley

Morgan Stanley's report predicts India could become the world's third-largest economy by 2028, emphasizing the crucial role of states and union territories. It forecasts India's GDP reaching $10.6 trillion by 2035, with states like Maharashtra and Tamil Nadu potentially hitting around $1 trillion in economic size by 2030-2035. The report highlights challenges such as governance issues and infrastructure deficits, while noting some states' strong growth and higher-than-average GDP per capita.

For financial services companies, India’s best market for tech talent: Morgan Stanley executive

Economic Times

Economic Times · 1y ago

For financial services companies, India’s best market for tech talent: Morgan Stanley executive

According to a managing director at Morgan Stanley, India is considered the best market for tech talent due to the high demand for niche skills in the financial services industry. India currently has around 8,000 tech workers, approximately one-third of Morgan Stanley's global tech workforce. The company is actively looking to hire more talent, particularly in areas such as cloud and generative AI. India has played a crucial role in supporting Morgan Stanley's technological advancements, including the development of an AI tool for wealth management advisors. The country's digitization efforts are also seen as transformative for the economy.

IndiGo co-founder Rakesh Gangwal to sell up to 3.8% stake in the airline | Mint

Livemint

Livemint · 12m ago

IndiGo co-founder Rakesh Gangwal to sell up to 3.8% stake in the airline | Mint

Rakesh Gangwal, co-founder of IndiGo, plans to sell up to 14.7 million shares or a 3.8% stake in parent company InterGlobe Aviation through a block deal. The sale is estimated to be worth $804 million, with an offer floor price of ₹4593 per share. Gangwal's stake in InterGlobe Aviation is expected to decrease to 15.58% following the sale. The stake sale will be conducted by investment banks JP Morgan India, Goldman Sachs, and Morgan Stanley India. IndiGo is India's largest domestic airline with a 62% share of the market and a 16.9% share of the international market.

India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

Economic Times

Economic Times · 27d ago

India is the fastest-growing economy and will soon be third largest: Piyush Goyal counters Donald Trump's 'dead economy' jibe

During the Indian Parliament's Monsoon Session, Union Minister Piyush Goyal countered Donald Trump's comments about India being a "dead economy," asserting that India is the fastest-growing major economy and will soon become the third largest by GDP. India has progressed from the 11th to the 5th largest economy due to reforms and contributions from various sectors. Goyal highlighted India's transformation from the "Fragile Five" to a leading global economy.

India can be a world leader in tech once it becomes the third-largest economy: IT minister Ashwini Vaishnaw

Economic Times

Economic Times · 1y ago

India can be a world leader in tech once it becomes the third-largest economy: IT minister Ashwini Vaishnaw

India has the potential to become a world leader in technology such as artificial intelligence and semiconductor chips once it becomes the third-largest economy in the world, according to Ashwini Vaishnaw, the Union Minister of Electronics and IT. With a positive outlook and international recognition, India is currently the fifth-largest economy and is projected to become the third-largest by 2027. The country's progress in electronics manufacturing, exports, and startups has showcased its capabilities and potential for growth. Digitization, simplification of laws, and welfare programs are contributing to India's development goals by 2047.

India to be world's third-largest economy by 2030 -S&P Global Ratings

Reuters · 1y ago

India to be world's third-largest economy by 2030 -S&P Global Ratings

India is expected to be the world's third-largest economy by 2030, according to a report by S&P Global Ratings. It is projected to remain the fastest-growing major economy for the next three years, with a growth rate of 6.4% this fiscal year and an estimated 7% growth by 2027. The report emphasizes the need for India to transition to a manufacturing-dominated economy, develop a strong logistics framework, and increase worker upskilling and female workforce participation for sustained growth.

Video market in India ranks 3rd largest in Apac, growing fastest to reach $17 bn by 2028

Money Control

Money Control · 1y ago

Video market in India ranks 3rd largest in Apac, growing fastest to reach $17 bn by 2028

According to an analysis by Media Partners Asia Research (MPA), the video market in India is valued at $13 billion, making it the third-largest in the Asia Pacific region. The report predicts that the Indian video market will continue to grow at a rate of 5.6% and reach a valuation of $17 billion by 2028. China remains the largest video market in the region, generating $64 billion in revenue, followed by Japan at $32 billion. The total Asia Pacific video industry revenue is expected to reach $165 billion by 2028.

Humanoid will arrive sooner than expected, says Morgan Stanley

Economic Times

Economic Times · 3m ago

Humanoid will arrive sooner than expected, says Morgan Stanley

Morgan Stanley predicts that humanoid robots will arrive sooner than anticipated and potentially disrupt industries, projecting their market to surpass the global auto industry. The humanoid market could reach $4.7 trillion by 2050, presenting significant investment opportunities. Additionally, AI adoption, projected to generate $1.1 trillion in revenue by 2028, is anticipated to offer substantial benefits. Meanwhile, a nuclear renaissance could attract $1.5 trillion in investments by 2050, emphasizing AI and humanoids as transformative forces in technology and investment strategies.

Kids retailer FirstCry to refile DRHP with updated financials

Livemint

Livemint · 1y ago

Kids retailer FirstCry to refile DRHP with updated financials

FirstCry, a kids omnichannel retailer backed by SoftBank, is expected to resubmit its draft red herring prospectus (DRHP) with updated financials. This comes after the Securities and Exchange Board of India (SEBI) requested detailed key performance indicators (KPIs). The company aims to raise $500 million through its initial public offering (IPO), with $215 million from fresh issuance and $300 million from existing investors. The IPO, managed by investment banks such as Kotak Mahindra Capital, Morgan Stanley, and Bank of America, is expected to be one of the largest new-age IPOs in recent times.

India iPhone business outpaces individual EU countries for Apple, Morgan Stanley says | TechCrunch

TechCrunch · 1y ago

India iPhone business outpaces individual EU countries for Apple, Morgan Stanley says | TechCrunch

Apple's iPhone revenue in India increased by 42% YoY to $8.7 billion in 2023, with shipments growing by 39% to 9.2 million units, making India its fifth-largest smartphone market, according to Morgan Stanley. Although India's iPhone market is not yet big enough to offset declines in China, if growth continues at the same pace, India could overtake China by 2027. The demand for premium devices with higher storage capacities is driving growth in India. Apple sees India as a significant growth engine, with revenue estimated to reach $40 billion by 2032.

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