# Morgan Stanley has raised its forecast for India’s investment rate.

*business · news · 2026-05-03 · Moneycontrol*

## Key points

- Morgan Stanley raised India's investment-to-GDP ratio forecast to 37.5% by FY30 from 36.5%.
- An extra $800 billion in capital spending is expected in India over the next five years.
- India's data centre capacity is projected to rise from 1.8 GW to 10.5 GW by FY31.
- Defence spending in India is set to increase to 2.5% of GDP by FY31, emphasizing indigenisation.

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

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/middle-east-crisis-may-spur-india-s-capex-boom-morgan-stanley-lifts-investment-outlook-to-37-5-of-gdp-13906551.html)

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