November 22, 2017

There could be a multitrillion-dollar opportunity waiting in India, Morgan Stanley says

India's push to digitize has seen its economy undergo massive changes, but that presents a multitrillion-dollar investment opportunity as both tax compliance and access to credit increase, according to Morgan Stanley.

Prime Minister Narendra Modi's push to digitize the Indian economy has seen the introduction of Aadhaar — a unique identification number based on biometric information issued to residents of India — and attempts to reduce dependency on physical cash, although last November's surprise demonetization drive caused plenty of disruption.

Read more at https://www.cnbc.com/2017/11/17/digitization-could-present-india-with-investment-opportunity-worth-trillions-morgan-stanley-says.html


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