New Delhi, March 13 -- India is poised to become the world's most sought-after consumer market while undergoing a significant energy transition, rising credit-to-GDP ratio, and expanding manufacturing sector, according to Morgan Stanley's latest report.

The report highlights that India is gaining a greater share in global output due to strong foundational factors such as robust population growth, a functioning democracy, macroeconomic stability, better infrastructure, a growing entrepreneurial class, and improved social outcomes.

The financial services giant expects India's economic growth to recover following a slowdown in the second half of 2024. It forecasts GDP growth at 6.3 per cent in FY2025 and 6.5 per cent in FY2026, driven by f...