India to beat China to be fastest-growing large economy
25 Jan 18 1 min read
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.
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)
Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.
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.
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
Popular News
|
US’ TJX Companies’ net sales rise 6% to $12.5 bn in Q1 FY25 |
|
South Indian cotton yarn prices stable with optimism for future demand |
|
China's fabric exports rise in Q1 2024; Vietnam leads as top market |
|
BASF India expands production capacity in Panoli & Thane |
|
China’s apparel exports to Russia up; fabric down in Jan-March |
|
PVH signs agreement for Cambodian garment workers |