Indian internet companies are demonstrating resilient consumer demand despite a funding squeeze and intensifying competition, according to Morgan Stanley. The sector continues to face challenges as investors focus more on profitability and sustainable growth. However, demand resilience offers some support to companies navigating a tighter funding environment. Competition, particularly in fast-growing digital services, remains a key concern for margins and earnings. The outlook highlights the importance of disciplined spending and stronger business fundamentals for India’s internet firms.
