Global economy strong, no financial crisis currently: Morgan Stanley CEO

Gorman feels that the clarity of the government's action has been exciting and decisions have been made.

Modi government’s clarity of action is evident in the bold reforms that are necessary to underpin India’s ambitions of global financial leadership. As India inches toward the $3-trillion GDP milestone and races past the UK in the process, the country is likely to witness more mergers and acquisitions (M&As) in the next decade, James Gorman, Morgan Stanley's chief executive officer said in an interview with The Economic Times.

Some key takeaways from the interview:

1. Strong global economy, no crisis currently

Gorman feels that the world is not in a financial crisis. The financial markets get into crisis either due to