India of 2023 is different from India of 2013: Morgan Stanley

- Per capita income will be $5,200 by 2032

- Under Modi's leadership, India has gained a place in the world order: becoming a 'key driver' in Asian and global development

New York: Morgan Stanley, an organization that evaluates the economy of all the important countries of the world and gives conclusions about the development of the above countries, said that the countries that have doubts about India, do not focus on the development achieved by India after 2014. The development achieved by India in just ten years under the leadership of Prime Minister Modi has transformed it and has taken its place in the global system. India is becoming a key driver in Asian and global growth.

In this report prepared on India, dismissing the confusion about India, it has been said that many do not give a target to the changes that have taken place in India after 2014.

In fact, India's economy has been the second fastest growing economy in the world. For the last 25 years, its stock market continues to grow.

India has achieved an important position in the global system in just 10 years from what it was in 2013. What it has achieved in less than a decade is due to its macronomics (broad economic system) and market out-look (market positioning). Stanley Morgan's report also shows that India has made this change in less than 10 years.

Narendra Modi assumed the post of Prime Minister in 2014, he put the corporate tax on another (same) level. Started investing in the grassroots economy and also started the longest supply chain.

Regarding taxation in India and its collection, Morgan Stanley states that GST has made tax collection easier and faster. More than 1200 different types of taxes in different states have been eliminated due to GST and the collection of taxes has increased. Not only that, but due to digital transactions, the process has also become faster. So GDP has also increased.

Beneficiaries of government schemes are also getting benefits quickly and easily. Inflation has been kept under control. Focus has been on FDI, corporate profits have also increased with governor support.

In terms of GDP, the GDP has also increased with the increase in capital spending (basic expenditure) and the increase in employment opportunities with the development of industry, commerce, and the per capita income of India has increased to 2,200 dollars annually, which is likely to increase to 5,200 US dollars by 2032.