From jobs to e-tail and market boom, Morgan Stanley report is an exaggeration

Report expects 122 mn people to enter workforce over next 10-years; can we really expect this to happen?

The stock market is a fickle animal. Three months ago, sentiments could not have been more bullish after a strong rally. But, the tide has turned since, with pessimism on the macro front bringing down stock prices. When there is so much negativity surrounding the future growth prospects of the economy, I always find it useful to look at the contrarian view. And there is no report that is more bullish than the Morgan Stanley research piece on India’s digital leap.

The piece talks about how the one-two punch of goods and services tax (GST) and the JAM Trinity (Jan