India will overtake China to be the fastest-growing large economy in 2018, according to a report by Indian company Sanctum Wealth Management. While low growth and insufficient structural change are visible in the rest of the world, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth, the report says.
Indian equity market will jump to become the fifth largest in the world and when developed economies are cheering a 2-3 per cent growth, India is focused on breaching 7.5 per cent, a news agency cited the report as saying.India will overtake China to be the fastest-growing large economy in 2018, according to a report by Indian company Sanctum Wealth Management. While low growth and insufficient structural change are visible in the rest of the world, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth, the report says.#
Markets, however, are not likely to gain further if inflation or rates rise. Muted earning could also impact market performance, the report said.
The domestic buyer now sets market prices. Domestic mutual funds bought equities worth $15.3 billion against $8 billion by foreign investors in 2017. Aadhaar, Jan Dhan account scheme, demonetisation and the goods and services tax (GST) are working to create a new inclusive infrastructure in India, it added. (DS)
Fibre2Fashion News Desk – India
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