Morgan Stanley retains India GDP growth estimate at 10.5% for FY22

America based Investment Bank, Morgan Stanley has maintained the GDP growth forecast of India at 10.5 percent for the financial year 2021-22 (FY2022). GDP growth is expected to move into positive territory on a two-year CAGR basis from QE September. GDP grew 20.1 per cent year-on-year in the quarter ending June. On a two-year CAGR basis, real GDP contracted 4.7 per cent in QE June versus plus 2.3 per cent in QE March.