An interesting report published by Morgan Stanley Research earlier today that compares Indian economy in 2023 with 2013. Keep in mind, back in 2013 India was struggling with the aftermaths of taper tantrum and was considered as one of the fragile 5 economies. Sharing some charts from the report that would be of interest to some. Let’s begin with the corporate tax cuts of 2019 that brought India’s corporate tax rates at a comparable level with India’s peers.