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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India continues to express concern over what it sees as 'trade weaponisation' by China—ranging from export curbs on key inputs like rare earth magnets and fertilisers to trans-shipment and dumping practices that hurt Indian industries, the BBC reports. China's restriction on rare earth exports in particular has alarmed Indian manufacturing sectors, which rely heavily on these materials for automobiles, appliances and clean energy technologies. As former diplomat Phunchok Stobdan points out to BBC, such moves by Beijing are viewed in New Delhi as economic coercion aimed at pressuring India strategically. These unresolved frictions diminish the feasibility of Modi endorsing a military celebration that could be seen as legitimising China's broader geopolitical posture. 3. Why endorsement of China's military narrative is a red line The nature of China's World War II Victory Day parade—commemorating its triumph over Japan—is itself diplomatically charged. 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