Morgan Stanley Fixed-The New India – Infrastructure An Ongoing Transformation-108754211

MJune18,202408:00PMGMTAsiaPacificInsightTheNewIndia–InfrastructureMorganStanleyIndiaCompanyPrivateLimited++91226118-2243+91226118-2222AnOngoingTransformationGirishAchhipalia+91226118-2246+91226118-1031India'sinfrastructurehasmateriallyimprovedinrecentyears–EquityAnalyst+91226118-3027andthereissignificantscopeforfurtherimprovementsthroughGirish.Achhipalia@morganstanley.com+91226118-3037recentgovernmentinitiativeslikePMGatiShakti(PMGS).EfficientinfrastructurecanlowerlogisticalcostsandimproveRidhamDesai+656834-6719India'smanufacturingcompetitiveness.EquityStrategistKeyTakeawaysRidham.Desai@morganstanley.comWeexpecta15.3%CAGRininfrastructureinvestments,resultingincumulativeUpasanaChachraspendingofUS$1.45tnoverthenextfiveyears.ChiefIndiaEconomistInourview,thiswillhelptolifttheinvestmentrate,leadingtoasustainedperiodUpasana.Chachra@morganstanley.comofhighproductivegrowth.AmitBhindePMGSshoulddrivefasterexecutionofinfraprojectswhilereducingcostoverruns.Itshouldalsounleashproductivitygains,leadingtohigherefficiency.EquityAnalystAmit.Bhinde@morganstanley.comWeseefourmajormacroimplications:aprofitboomviaaugmentedcapex,improvedmacrostability,greaterefficiency/productivity,andmoresustainedBaniGambhirgrowth.EconomistTherewouldalsobepositiveimplicationsfortheequitymarket.BeneficiariesfallBani.Gambhir@morganstanley.cominto...