8216;Indian markets to grow faster8217;

quot;All this will allow the economy to sustain an average 6.0-7.5 per cent GDP growth per annum in the next five years, among the fastest growing markets in the world,quot; it said.

India8217;s parliament approved the insurance bill this week which will open the sector to private and foreign players. The bill will become a law after the President gives his approval. The changes in the economy will be rewarded with at least one sovereign upgrade in the next six months, Deutsche Banksaid.

International rating agency Moody8217;s Investors Service raised the outlook to positive from stable for India8217;s Ba2 ratings on foreign and domestic currency debt in October. Standard amp; Poor8217;s outlook is stable on India8217;s BB foreign currency rating.

Appetite for Indian assets had increased after the relative political stability and the cyclical upturn in the economy, the Deutsche Bank report said.