Indra Nooyi,
Chairman and CEO, Pepsico,
She believes it is too early to call a global recovery. In a CNBC exclusive, the global boss of Pepsico says she is bullish on emerging markets particularly India and China. Chairman and CEO, Pepsico,
PepsiCo is not a good bellwether for the economy, but even in a downturn people have to eat and drink because they are staying at home rather than eating out. So, it helps us clearly.
Do we see the economies coming back? I don’t know. I will be honest with you, I don’t know. I think in the emerging markets of India and China, the local stimulus packages have been very targeted and very well executed. In China, we are very excited to see how the Chinese market has sort of come back to robust growth levels. So, it gives us great hope for the future of China.
Similarly in India, we are seeing GDP growth rates at a higher clip than was anticipated maybe one or two quarters ago. That is good news.
As for the developed markets, I think it is sort of going up and down. There are greenshoots, yes. There might be a bottoming out. But let’s wait and see. I think it is too soon to say that the economic downturn is over. At the same time, I think it is wrong for us to say that we don’t go to another downturn. I think we should all wait and see how the next two or three months pan out and see all the consumer confidence and housing starts numbers to come out. Then we can declare that the downturn is over and the economy is really on its way back.
source : MC
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