Sensex at 100,000, m-cap at $6.1 tn: 7 takeaways from Morgan Stanley report

The brokerage sees scope for India to fall among the top five equity markets in the world

Global brokerage Morgan Stanley is bullish on India. It sees a multi-trillion-dollar opportunity in the country, riding on the government's digitisation drive.  

In a report titled 'India's digital leap - The multi-trillion-dollar opportunity' released on Wednesday, the brokerage forecasts India's gross domestic product (GDP) to touch $6 trillion -- the third largest in the world -- in the next ten years, and expects Sensex to hit the 100,000 mark with an equity market capitalisation of $6.1 trillion during the same period.  

The brokerage noted that apart from some short-term teething problems including implementation of GST, there is scope for visible