India to turn fastest growing large economy in 2018: report

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.

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.

At a time when developed economies are cheering 2-3% growth, India is focused on breaching 7.5%. Moreover, India also benefits from a favourable contrast to other emerging markets. However, in case of inflation or rates rise, markets are not likely to register further gains. Muted earning could impact markets.