India’s Next Market Phase: Structural Reforms and Long-Term Growth

In a recent episode of Thoughts on the Market, Morgan Stanley's Chief Asia Economist Chetan Ahya and Head of India Research & Chief India Equity Strategist Ridham Desai discussed India's macroeconomic outlook, capital flows, and sector opportunities. The conversation highlighted how India is poised for a new market phase, driven by structural reforms, demographic advantages, and shifts in global supply chains. While near-term volatility persists due to foreign investor sell-offs and global uncertainties, the analysts emphasized long-term growth potential in manufacturing, infrastructure, and digital services. They also noted that India's relative resilience compared to other emerging markets could attract sustained capital inflows over the next decade.