Indian Economy Poised for Growth Despite Near-Term Headwinds

• Domestic FMCG sector may moderate over next 6 months, while demand outlook for premium consumer business is robust

• Private and government consumption expenditure remained low despite festival season

• Capacity utilization levels have reached a point requiring new investments

• Global growth is slowing due to geopolitical tensions, unsettled financial conditions, and stubborn inflation

• Indian economy has conducive configuration to step up growth trajectory, with GDP growth averaging over 8% during 2021-2024