I think we need to look at the macro changes taking place and the shift from unorganised to organised sector especially in the recycling space.
Maybe they had given those estimates in 2014 on same grounds but the story didn’t reflect in numbers.
The vehicle scrapping policy announcement was delayed.
Now this e waste policy etc, ESG norms at global level are all growth drivers. The pace at which India is now producing gadgets and we are consuming electronic devices is unprecedented.
It’s good to be cautious and see the past follies but being optimistic about future based on current trends is more important.
Please watch the link below for estimates on the recycling space.
Spotlight On Reducing Carbon Footprint & India’s Recycling Market | Startup Street | CNBCTV18
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