In a recent investor meet, a fund manager presented an argument in favour of how the young population of the country is likely to drive growth for the next two decades. He went on to give an indication as to which consumption categories are likely to see a traction going ahead, that too, after drawing inferences from how things played out in China over time.
If we look at where an average Indian spends his money, breaking up the personal consumption expenditure (PCE) into various ca ..