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Expect to see a pickup in mass consumption in H2 of next financial year: Ashish Gupta
Ashish Gupta, CIO of Axis Mutual Fund, expects a deleveraging cycle for corporate India in the next five-seven years. The capex upcycle has started, benefiting companies. The market has responded to the strong economic recovery, upward revision in GDP growth, and corporate earnings. The confidence is derived from the multi-year cycle, despite the elections.