“With GDP per capita only $2.5k per capita (vs. $12.7k for China) and positive demographic trends, India is arguably at the start of a long wave boom at the same time as China may be ending one,” said Morgan Stanley’s equity strategists, including Jonathan F Garner, in a note to clients.
RBI’s strong dividend to govt boosted by USD sales, interest income: SBI report
The Reserve Bank of India’s record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar
May 24, 2025