Nomura Analyst Sees Consumption Turning Around, Paint Disruption Easing

A market watcher named Mihir Shah from Nomura thinks things are getting better for companies that sell things to people in India.

He used to worry about a new company entering the paint market, but it hasn't hurt the big companies as much as expected.

He also thinks people are still buying gold jewelry even though there are new, cheaper diamonds made in labs.

For food companies like Britannia, he believes they are doing well, especially after some tax changes helped them.

He is feeling more optimistic about these businesses.