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Sensex at 100,000, m-cap at $6.1 tn: 7 takeaways from Morgan Stanley report

The brokerage sees scope for India to fall among the top five equity markets in the world

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morgan stanley

SI Reporter New Delhi
Global brokerage Morgan Stanley is bullish on India. It sees a multi-trillion-dollar opportunity in the country, riding on the government's digitisation drive.  

In a report titled 'India's digital leap - The multi-trillion-dollar opportunity' released on Wednesday, the brokerage forecasts India's gross domestic product (GDP) to touch $6 trillion -- the third largest in the world -- in the next ten years, and expects Sensex to hit the 100,000 mark with an equity market capitalisation of $6.1 trillion during the same period.  

The brokerage noted that apart from some short-term teething problems including implementation of GST, there is scope for visible