India News

India's transformation under Modi govt gets major thumbs up

Morgan Stanley report highlights how India has undergone significant changes, especially since 2014.

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What Morgan Stanley report states

"This India is different from what it was in 2013. In a short span of 10 years, India has gained positions in the world order."

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India's 10 big changes in 10 years

Morgan Stanley report highlights 10 big changes, mostly because of India's policy choices

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Supply-side Policy Reforms

These policies are government attempts to increase productivity and increase efficiency in the economy.

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Formalisation of the Economy

Morgan Stanley had taken GST collections, which were showing upward trends over the years, and digital transactions which grew 76 per cent of the GDP.

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Real Estate (Regulation and Development) Act

This Act seeks to protect home-buyers as well as help boost investments in the real estate industry.

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Digitalising Social Transfers

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Insolvency and Bankruptcy Code

This is an Indian law that creates a framework that governs insolvency and bankruptcy proceedings for companies, partnership firms, and individuals.

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Flexible Inflation Targeting

This aims at anchoring inflation expectations, improves overall macroeconomic stability and enhances growth prospects in the medium run.

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Focus on FDI

FDI helps to increase the investment level and the income and employment in the host country.

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India's 401(k) Moment

401K is US equivalent to 80C of Indian income tax. It means investment (saving) by common public.

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Government Support for Corporate Profits

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MNC Sentiment at Multiyear High

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