Asian Paints clarified a statement made by its Managing Director and CEO, Amit Syngle, regarding the correlation between India's GDP and the paint industry's growth. The company stated that Syngle's remarks were misinterpreted and were specifically addressing the correlation between paint industry growth and GDP. Historically, the paint industry grew at a multiple of 1.5 to 1.75 times the GDP growth, but recently, this correlation has been distorted.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.