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India may dominate the world, done a lot of heavy lifting: Morgan Stanley's Desai

Desai also believes that India could account for 20 percent of the growth that world will generate over the next 10 years.

November 10, 2022 / 06:51 AM IST
Ridham_Desai

Ridham_Desai

India has done a lot of heavy lifting over the last few years, said Ridham Desai, head of India - equity research & India equity strategist at Morgan Stanley.

Calling it a quintessential self-help story, Desai said, "India is helping itself probably dominate the world. It’s already hazardous to forecast a decade so I wouldn't go beyond that. But I think India has done a lot of heavy lifting over the past few years, especially over the last four or five years", in an interview to CNBC Tv18.

He mentioned since the economy is coming out of COVID, the labor that was put in, in terms of policy and other things, is now bearing fruits.

Desai also believes that India could account for 20 percent of the growth that world will generate over the next 10 years. The country is becoming both the office and factory to the world and offshoring is a big positive trigger for India, he added.