Chetan Ahya of Morgan Stanley bull case target for Sensex was of 19,500,

Chetan Ahya of Morgan Stanley bull case target for Sensex was of 19,500, “Currently, I am most bullish on India, though I can’t say the same for the other global markets.”

Commenting on India’s GDP, Chetan Ahya of Morgan Stanley said India’s GDP forecast was at 6.2% for FY10 and 6.8% for FY11. The organization had upped India's GDP forecast twice in recent weeks. “Current GDP forecasts don't factor in strong reforms. GDP forecasts may be upped if the reforms are undertaken,” he said. He expected two-stage boost for the Indian economy post elections. “Political stability will boost capital flows and will heal corporate balance sheets,” he added.