Morgan Stanley India Decade Report Pdf

[Asdrubal Dagreat]

Companiesaround the world have been outsourcing services such as software development, customer service and business process outsourcing to India since the early days of the internet. Now, however, tighter global labor markets and the emergence of distributed work models are bringing new momentum to the idea of India as the back office to the world.

India began laying the foundation for a more digital economy more than a decade ago with the launch of a national identification program called Aadhaar. The system creates biometric IDs to establish proof of residence and has been instrumental in digitizing financial transactions, among other benefits.

Investing in India is a long-term theme, and one that comes with its share of risks, including prolonged global recession, adverse geopolitical developments, domestic policy changes, lack of skilled labor, energy shortages and commodity volatility.

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Investing outside the United States involves additional risks related to currency fluctuations, economic and political differences and difference in accounting standards. There are additional risks of investing in emerging market countries.

Foreign investments may involve greater risks than U.S. investments, including political and economic risks, concentration risks, liquidity risks, and the risk of currency fluctuations, all of which may be magnified in emerging markets. Emerging and frontier market investments are subsets of foreign investments. Emerging markets are rapidly developing politically and economically, but present a greater degree of these foreign investment risks because of the developing stage of the emerging market. Frontier markets are in early stages of economic and/or political development and are even less developed than emerging markets. As such, risks associated with foreign investments may be significantly greater in a frontier market compared to emerging markets and foreign investments generally.

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