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. Read The Rest at :
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