Beyond consumption, Khemka also expressed optimism about the IT services sector
This year the consumption stocks have delivered over 30 percent returns, going by the run up in the Nifty India consumption Index
Stocks of certain consumption-focused companies have been part of the Nifty 100 Low Volatility 30 Index over the last five years
Devotees of the consumption story argued that there were no alternatives to most of the well-established players in the sector