India’s set for significant output surge: Credit growth, consumer demand, macro tailwinds in focus, says Morgan Stanley; oil, geopolitics seen as key risks

Morgan Stanley's analysis projects India's rise as a key global economic player, driven by increased credit-to-GDP ratio and manufacturing sector expansion. Sustained demographic growth, stable governance, and infrastructure improvements support this trajectory. India is poised to become a prime consumer market with significant energy reforms, potentially leading to lower real interest rates and higher equity market valuations.