Expect A Deluge Of Primary Deals; Don't Foresee Any Major Reversal In Policy: Morgan Stanley 

Ridham Desai, MD of Morgan Stanley India, is optimistic about the country’s economic prospects despite the formation of a coalition government in Lok Sabha Election 2024. In an interview with CNBC-TV18, he emphasised that India's political landscape has been shaped by coalition governments since 1989, and the current administration is expected to be stable.
Desai asserts that Prime Minister Narendra Modi's unwavering commitment to structural reforms will drive India’s progress, ensuring macroeconomic stability and supply-side improvements.
Meanwhile, Chetan Ahya, Chief Economist - Asia and EM at Morgan Stanley said they do not expect any major reversal in policy for the next 2-3 years.
He believes supply side reforms will remain the best approach to maximising social welfare.
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