Morgan Stanley's Ridham Desai Sees Strong Economy, Attractive Opportunities in Indian Equities

Morgan Stanley's Ridham Desai said India's economy is performing better than expected, with corporate earnings exceeding consensus estimates and signs of broad-based economic strength emerging across sectors. While markets remain concerned about medium-term growth and global uncertainties, including tensions in the Middle East, he noted that Indian equities have remained resilient compared with several global peers. Desai emphasized the importance of foreign capital for India's growth story, highlighted attractive opportunities across the market, and expressed confidence in India's long-term earnings potential and consumer-driven growth.