Morgan Stanley Exec Says Lower Oil Dependence Strengthens India’s Position

Morgan Stanley’s regional head said India’s declining oil dependence and rising exports have materially improved the country’s external position, estimating the current account deficit may be closer to 0.5% of GDP. The executive highlighted secular export shifts, improved energy security and structural reforms as reasons investors should favour India’s growth outlook. The comments come as analysts reassess portfolio allocations to emerging markets, with India increasingly viewed as a resilient growth engine amid global uncertainty.