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business/news//Moneycontrol
Morgan Stanley has raised its forecast for India’s investment rate.
Morgan Stanley raised India's investment-to-GDP ratio forecast to 37.5% by FY30 from 36.5%.
KEY POINTS
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.