# Morgan Stanley sees India's medium-term growth trajectory standing around 6.5-7 per cent.

*business · news · 2026-05-04 · News18*

## Key points

- Morgan Stanley projects India’s investment-to-GDP ratio will reach 37.5% by FY30.
- India is expected to see an extra $800 billion in capital spending over the next five years.
- Major capex growth is anticipated in energy, data centers, and defence sectors.
- Policy is shifting towards energy self-sufficiency and building domestic strength due to the Middle East crisis.
- Morgan Stanley maintains Overweight ratings on select companies positioned for these investment themes.

**Companies:** Reliance Industries, Larsen & Toubro, NTPC, ONGC, Adani Power, Adani Energy, BHEL, JSW Energy, CG Power, Polycab India, KEI Industries, Deepak Nitrite, HPCL, Solar Industries, Bharat Electronics, Bharat Forge
**Countries:** India

[Read the full story on News18](https://www.news18.com/business/economy/morgan-stanley-sees-india-investment-climbing-to-37-5-of-gdp-amid-global-turmoil-10072288.html)

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