Growth Outlook: Indian economy to continue its rising momentum in 2023 on THESE factors – know what Morgan Stanley says in report

Growth Outlook 2023: The Indian economy in the coming year 2023 is likely to continue its growth momentum on the back of sustaining domestic demand strength, a global brokerage firm Morgan Stanley said in its report while analysing the growth outlook for the next year in Asian countries.

In 2023, we expect domestic demand to remain in the driver’s seat for growth as the domestic demand-oriented economies like India have been insulated from the weaker external demand conditions, the global brokerage house said in its outlook report.

It added the country’s growth rates have held up better and have been the key support to the regional growth story in recent quarters.

India’s economic growth slowed to 6.3 per cent in the September quarter of 2022-23 compared to 13.5 per cent in the preceeding three months amid a contraction in output of manufacturing and mining sectors, according to government data released on November 30, 2022.

Slower GDP expansion…

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