New Delhi, May 4 -- Global brokerage Morgan Stanley has raised its forecast for Indias investment rate, citing emerging opportunities despite global concerns over oil prices and the ongoing conflict in West Asia.
In its latest report, the brokerage revised Indias investment-to-GDP ratio estimate to 37.5 percent by FY30 from its earlier projection of 36.5 percent. This translates into an additional USD 800 billion in cumulative capital expenditure over the next five years.
Energy, Data Centres and Defence to Lead Investments
According to the report, nearly 60 percent of the additional investment is expected to flow into sectors such as energy, data centres, and defence, reported Money Control.
Morgan Stanley said higher capital expe...