Morgan Stanley sees capex growth driven by AI and energy
after close1 source ↓written by the desknot a recommendation
Morgan Stanley’s Chetan Ahya highlighted that India’s capital expenditure (capex) is set to grow, driven by AI infrastructure, defence, and energy transition. As exports rise due to a recovering US economy, this growth will enhance industrial production. The next few quarters are expected to show strong growth as India capitalizes on its tech exports and benign inflation.
Not investment advice. For informational purposes only.