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India's GDP Numbers Suggest A Shift From Consumption-Led Growth To An Investment-Heavy Grind, Brokerages Say
Published on: Jan. 8, 2026, 7:05 a.m. | Source: NDTV Profit
Global brokerage firms Morgan Stanley and Nomura have issued a note on India's economy following the release of the First Advance Estimates that pegged fiscal 2026 real GDP growth at 7.4%, offering a cautiosly optimistic outlook on the country's fiscal health going forward. While the headline figure highlights India’s robust expansion, brokerages have flagged a distinct shift in the economy's drivers.
