Globally, the Indian economy is poised to witness the fastest US$ nominal growth in 2015, says Credit Suisse.

The Switzerland-based bank added that it finds the equity market not expensive in both absolute and relative terms, reported Reuters.

In April, India replaced Japan as the world's third largest economy in terms of purchasing power parity (PPP.)

The emerging market is likely to see strongest earnings growth amongst its Asian peers, and even globally, the bank adds.