Construction site of a housing block in Sector 105 of Noida, in Uttar Pradesh. (Photographer: Sanjit Das/Bloomberg)
The Indian economy has bounced back quicker than expected and it’s not on account of pent-up or festival demand, said Bharat Puri, managing director of Pidilite Industries Ltd.Continuing with the trend witnessed by the company in the July-September quarter, rural areas, small and medium-sized towns, with a population of up to 20 lakh, have recovered and are growing the fastest. Bigger towns and metros have witnessed a comeback in the...