India market is recovering after GST, says PepsiCo CEO Indra Nooyi

Pepsico's business in India registered a "mid-single digit (volume) growth" during the quarter, she said

Chairwoman and chief executive officer (CEO) of PepsiCo, Indra Nooyi, on Tuesday said the consumer market in India was on a recovery path after initial disruptions caused due to the implementation of the goods and services tax (GST).
 
In the past few weeks, top executives from major fast-moving consumer goods (FMCG) firms, including Unilever, Mondelez, and Colgate-Palmolive, were pinning their hopes on recovering from the initial GST hiccups in the country.
 
 “After GST, the India market is coming back”, Nooyi said. “We want to do better top line growth; there are headwinds like retail disruption. Consumers are health