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International rating agency Morgan Stanley said in a recent report that when Prime Minister Narendra Modi's third term ends in 2029, this decade will belong to India. Here is the estimate
The Sensex will touch 82,000 in the next 12 months due to a good economic picture. The rating agency said that companies will outperform the earnings growth forecast by 2025-26. Which is 500 basis points higher than the consensus. Our 12-month forward Bombay Stock Exchange (BSE) Sensex target is 82,000. Which indicates a 14 percent upside. India is likely to lead a fifth of global growth over the next decade. This will be determined by increased offshoring of both services and goods, leading to a manufacturing boom, as well as the energy transition and the country's advanced digital infrastructure. India's stock market is making new highs, and now the debate is on what factors can take the market up materially. “In our view, there is a possibility of policy change on the orders of the government,” the international rating agency said, which will increase the earnings cycle. The report said that many policy reforms have been made in India in the last decade. Several social reforms and infrastructure building including flexible inflation targeting, GST law, allowing retirement funds to invest in stocks, bankruptcy code, RERA and low corporate tax rate have played a key role in strengthening India's economy. Modi 3.0 is expected to achieve more in the next five years due to positive structural changes.
The report of the international rating agency said that along with this, there are also a lot of opportunities in the consumer, energy, financial, industrial and service sectors in India. Of course, the report also said that along with bright opportunities, there are some risks as well. It was also suggested to be cautious of these risks. Morgan Stanley's report also states that investors are expecting some reforms from the government.
