India remains fastest growing economy: Morgan Stanley's GIC Report
The GIC committee of Morgan Stanley has senior investment professionals who oversee asset allocation and investment strategies. Members of the team meet to assess the ongoing trends of the global economy and financial markets.
While forecasting for other major economies, including the United States, the Eurozone, and China, the report revealed an average statement. The report pointed to weaker consumption and tariff-related restrictions for average growth expectations in these countries.
The GIC report stressed India's ranking in Morgan Stanley Capital Investment (MSCI) Emerging Markets and the smooth investment flow in the country. Officials of Morgan Stanley also highlighted the economic prosperity of India behind this achievement.
Amidst the ongoing global economic challenges and restrictions, the GIC report provides momentum to the Asian-Pacific region and emerging markets. Besides India, the report also highlighted the strong economic trends of Singapore and the United Arab Emirates.
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