<p align="justify" class="title">India will overtake China to be the fastest growing large economy in 2018 and the country's equity market will become the fifth largest in the world, says a report.</p>.<p align="justify" class="bodytext">According to a Sanctum Wealth Management report, when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth.</p>.<p align="justify" class="bodytext">"India will become the fastest growing large economy in the world, eclipsing China. Indian equity market will jump to become the fifth largest in the world," the report noted.</p>.<p align="justify" class="bodytext">At a time when developed economies are cheering 2-3 per cent growth, India is focused on breaching 7.5 per cent, it said.</p>.<p align="justify" class="bodytext">Moreover, India also benefits from a favourable contrast to other emerging markets. In particular, the fact that China is downshifting to a slower pace of growth.</p>.<p align="justify" class="bodytext">"Prospective returns for equities are much higher than the 6-8 per cent that one can expect from fixed income," it noted.</p>.<p align="justify" class="bodytext">However, if inflation or rates rise, markets are not likely to register further gains. Muted earning could also impact market performance.</p>.<p align="justify" class="bodytext">"Considering the fact that Nifty50 is in a broader uptrend, a sustained move beyond the 10,490-10,580 levels could lead to a rally towards 11,200-11,500 levels in the medium term," it noted.</p>.<p align="justify" class="bodytext">As per the report, a major factor that has changed is that the domestic buyer now sets market prices. Domestic mutual funds bought equities worth USD 15.3 billion against USD 8 billion by foreign investors in 2017.</p>.<p align="justify" class="bodytext">The report that identifies various big-picture trends at play this year in the domestic and global economy, noted that Aadhaar, Jan Dhan, Demonetisation, GST, are working to create a new inclusive infrastructure in India.</p>.<p align="justify" class="bodytext">"Given the rapid pace at which the Indian economy is developing, investors today are faced with the need to make crucial investment decisions amidst multiple cross currents, using a complex array of choices," Sanctum Wealth Management Chief Executive Officer Shiv Gupta said. </p>
<p align="justify" class="title">India will overtake China to be the fastest growing large economy in 2018 and the country's equity market will become the fifth largest in the world, says a report.</p>.<p align="justify" class="bodytext">According to a Sanctum Wealth Management report, when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth.</p>.<p align="justify" class="bodytext">"India will become the fastest growing large economy in the world, eclipsing China. Indian equity market will jump to become the fifth largest in the world," the report noted.</p>.<p align="justify" class="bodytext">At a time when developed economies are cheering 2-3 per cent growth, India is focused on breaching 7.5 per cent, it said.</p>.<p align="justify" class="bodytext">Moreover, India also benefits from a favourable contrast to other emerging markets. In particular, the fact that China is downshifting to a slower pace of growth.</p>.<p align="justify" class="bodytext">"Prospective returns for equities are much higher than the 6-8 per cent that one can expect from fixed income," it noted.</p>.<p align="justify" class="bodytext">However, if inflation or rates rise, markets are not likely to register further gains. Muted earning could also impact market performance.</p>.<p align="justify" class="bodytext">"Considering the fact that Nifty50 is in a broader uptrend, a sustained move beyond the 10,490-10,580 levels could lead to a rally towards 11,200-11,500 levels in the medium term," it noted.</p>.<p align="justify" class="bodytext">As per the report, a major factor that has changed is that the domestic buyer now sets market prices. Domestic mutual funds bought equities worth USD 15.3 billion against USD 8 billion by foreign investors in 2017.</p>.<p align="justify" class="bodytext">The report that identifies various big-picture trends at play this year in the domestic and global economy, noted that Aadhaar, Jan Dhan, Demonetisation, GST, are working to create a new inclusive infrastructure in India.</p>.<p align="justify" class="bodytext">"Given the rapid pace at which the Indian economy is developing, investors today are faced with the need to make crucial investment decisions amidst multiple cross currents, using a complex array of choices," Sanctum Wealth Management Chief Executive Officer Shiv Gupta said. </p>