Morgan Stanley is optimistic about India's economic growth due to strong domestic demand. The firm forecasts GDP growth of 6.8% in 2024-25 and 6.5% in 2025-26. It predicts inflation to be around 5% in the second quarter, easing to 4.1% in the second half of 2024. The current account deficit is expected to remain within 1-1.5% of GDP in 2025-26. The Reserve Bank of India is likely to maintain the policy rate at 6.5% given global factors and domestic improvements. Despite inflation concerns, India's growth prospects remain robust.
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