According to the report, the discretionary universe is expected to face a tailwind from new age businesses, which are expected to grow at a 49 per cent YoY rate, while a slow growth rate from paint companies can offer headwinds to this universe.
Moreover, the decline in population lays bare the country's falling birthrate, a trend that experts said was exacerbated by the pandemic and will threaten its growth over the long term. The 3 per cent growth rate, the second weakest since 1976, reflects the stifling effect of the government'