Morgan Stanley forecasts capex growth driven by AI and energy
pre-market1 source ↓written by the desknot a recommendation
Morgan Stanley’s Chetan Ahya highlighted that India's capital expenditure (capex) growth will be fueled by AI infrastructure, defence, and energy transition. With a global industrial revival underway and tech exports driving recovery, India is set to benefit from rising exports and capex in the coming quarters. 📈
Key Points:
• Global industrial cycle revival underway
• Tech exports key for industrial production recovery
• Expect strong growth in exports and corporate capex
India's relatively lower dependence on exports compared to Asian peers positions it favorably for this growth.
Not investment advice. For informational purposes only.