PM Gati Shakti To Drive Infrastructure Development In India, Says Morgan Stanley ...Middle East

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Morgan Stanley has estimated that growth in infrastructure investments will help fill up the gap in the space, with the help of the PM Gati Shakti National Master Plan. Historically, India’s manufacturing competitiveness has suffered due to poor infrastructure conditions. In recent years, the conditions have improved significantly, according to the brokerage. The country’s physical infrastructure compares favourably to China when it’s seen in the context of the GDP differential. “We expect India’s infrastructure investment to steadily increase from 5.3% of GDP in FY24 to 6.5% of GDP by FY29.” Holistic improvement in the country’s infrastructure is also going to support macro stability by

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