According to Sanctum Wealth Management report, India will become the fastest growing large economy in the world in 2018, surpassing China and the country’s equity market will jump to become the fifth largest in the world.
The report states that 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.
• India is looking to achieve a 7.5 per cent growth in its economy, while the developed economies are pushing for 2-3 per cent growth.
• India also benefits from a favourable contrast to other emerging markets such as China, the growth pace of which is expected to be slower than before.
• However, if inflation or rates rise, markets are not likely to register further gains. Muted earning could also impact market performance.
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.
The report also noted that Aadhaar, Jan Dhan Yojana, Demonetisation, GST, are working to create a new inclusive infrastructure in India.
About Sanctum Wealth Management
Sanctum is a Delhi-based professional wealth management company.
The company aims to provide end-to-end wealth management solutions for High net worth Individuals (HNIs).
It offers a range of financial services and its experts have developed insights and experience in domestic and international markets to create innovative and adaptable solutions that suit the varied needs of its clients.