NEW DELHI: The Indian economy is at the cusp of entering its strongest growth phase and a full blown bull market is yet to play out with the wide-based Nifty expected to touch 11,500 in 2018, says a report.An economy enters the strongest phase of growth when stocks , bonds and commodities all rally together. Nifty is currently hovering around 9,700 level. The wide-based index had breached 10,000 mark for the first time on July 25.Regarding trade, which is a key driver for India's growth engine, the report said synchronous global growth is likely to boost international trade as well as Indian exports. "Export growth is held up despite facing pressure from a strong rupee. "We believe that India's strong consumption story will drive in investment as witnessed from 2003-08 and earlier episodes," it said.

Source: Economic Times August 13, 2017 06:11 UTC