In growing economies, the biggest bet in equity markets has always been consumption. It is a segment that has never failed. It works both in emerging economies like India as well as matured markets like the USA. For example, over the past 14 years, Domino’s Pizza has returned 29% as against 19% delivered by Alphabet (Google). In India, for the same period, Titan was up 30% and TCS 18%. Will this trend continue? With increasing per-capita income,
Source: m.economictimes.com
