A China-driven supply realignment, cutting gas imports by 45% and oil by 30%, has effectively added 7.5 million barrels daily to global markets, neutralising energy price fears. Morgan Stanley’s Chetan Ahya argues a broad-based capex boom across AI, energy, defence, and industrial sectors is powering Asian growth, while urging India to slash foreign investor taxes to stem capital outflows.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets