India's economy in a 'Goldilocks' phase: Morgan Stanley forecast
Morgan Stanley forecasts India's economy to stay in a "Goldilocks" phase, with real GDP growth of 6.8% in FY26 and 6.5% in FY27-28, driven by strong domestic demand. Urban and rural consumption, rising incomes, and a broadening investment cycle support growth. Despite weak goods exports and external uncertainties, macro-stability remains robust, with low CAD and healthy forex reserves.