India's consumption story coming back to life and the timing couldn't be better: Ashi Anand

Portfolio manager Ashi Anand of IME Capital expects a broad-based recovery in Indian consumption driven by GST cuts, income tax relief, and an ongoing rate-cutting cycle, benefiting FMCG, discretionary, and consumer durables segments. He is bullish on stock exchanges BSE and the upcoming NSE IPO as multi-decade structural bets, citing platform economics and India's ongoing shift from physical assets to financial securities. Anand expressed strong conviction on Nykaa as a digital-first platform play, but advised caution on Bata India despite new management, and flagged SEBI's F&O crackdown as a regulatory risk for direct brokers.