As note ban effect wanes, PepsiCo feels good about prospects in India

However, PepsiCo did not reveal its financial performance for India

While the lingering effect of November 2016’s note ban continues to affect some businesses in India, global food and beverages major PepsiCo remains bullish about its growth. 

“India is coming out of a bold demonetisation and now moving towards remonetisation with a good gross domestic product growth. And, we feel good about our business prospects there”, Indra Nooyi, global chairperson and chief executive officer of PepsiCo, on Wednesday said in an investors call after the firm’s quarterly results.

During the October-December 2016 quarter, demonetisation of Rs 500 and Rs 1,000 notes, and the subsequent cash crunch had significantly impacted PepsiCo’s business in