Morgan Stanley's Managing Director and Chief India Equity Strategist Ridham Desai says India's economic foundation is solid, but the real threats to its growth lie outside its borders. Speaking at the Business Standard BFSI Summit, Desai said that while corporate and household balance sheets are healthy and reforms are delivering momentum, the world is sitting on record debt, facing demographic decline, and shifting geopolitically in unpredictable ways. Advertisement

"Lots of things can go wrong," Desai said when can go wrong for India. "Most of the things that can go wrong for India are outside India's control - and that makes matters worse for us because when things are in your control, you can fix them in advance."

He argued that India's domestic fundamentals remain sound. "Our corpo

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