New Delhi [India], Jan 21 (ANI): In the backdrop of the numerous economic reforms undertaken in India, it is expected to become the fastest growing large economy in the world, overshadowing that of China in 2018, a report drafted by Sanctum Wealth Management noted.
The Delhi-based professional wealth management company further stated that while developed economies are achieving two to three percent growth, India is focused on breaching 7.5 percent.
However, if inflation or rates rise, markets are not likely to register further gains, which can subsequently impact market performance, the report said.
A major factor that has changed, the company notes, is that the domestic buyer now sets market prices. Domestic mutual funds bought equities worth USD 15.3 billion as against USD 8 billion by foreign investors in 2017.This, the company says, will help maintain India's growth. (ANI)