SECTION IV - ABOUT OUR COMPANY
INDUSTRY OVERVIEW

Unless otherwise indicated, the information in this section is obtained or extracted from the independent report
titled “Women’s Bottom Wear Apparel in India” dated October 28, 2021, prepared and released by Technopak
Advisors Private Limited appointed by us on May 25, 2021, and exclusively commissioned, and paid for by our
Company. Technopak Advisors Private Limited is not in any way related to our Company, our Directors or
Promoters. The Technopak Report is available on the website of our Company at
https://www.gocolors.com/investor-relations. This Technopak Report shall be part of the material documents
available for inspection.

The data may have been re-classified by us for the purposes of presentation. Industry sources and publications
generally state that the information contained therein has been obtained from sources generally believed to be
reliable, but that their accuracy, completeness and underlying assumptions are not guaranteed and their
reliability cannot be assured. Industry sources and publications are also prepared based on information as of
specific dates and may no longer be current or reflect current trends. Industry sources and publications may also
base their information on estimates, projections, forecasts and assumptions that may prove to be incorrect.
Accordingly, investors must rely on their independent examination of, and should not place undue reliance on, or
base their investment decision solely on this information. The recipient should not construe any of the contents in
this report as advice relating to business, financial, legal, taxation or investment matters and are advised to
consult their own business, financial, legal, taxation, and other advisors concerning the transaction. Unless
otherwise specified, all references to a particular year refers to the calendar year.

Overview of the Indian Economy

India GDP and GDP Growth

India is the world's 6th largest economy and expected to be in top 3 global economies by Fiscal 2050
Currently, India ranks sixth in the world in terms of nominal gross domestic product ("GDP") and is the third
largest economy in the world in terms of purchasing power parity ("PPP"). India is estimated to be among the top
three global economies in terms of nominal GDP by Fiscal 2050.

The country wise GDP of key countries is given in the table below:

Country Wise GDP (US$ trillion)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

USA 15 15.5 162 | 168 18.2 18.7 19.5 20.5 214 20.9 ml
China 61 16 8.5 96 u na_[ 121 [136 | 143 | 147 [176
Japan 57 62 62 52 44 49 49 5.0 7 49
Germany | 3.4 37 35 37 34 35 37 S42 [ 38
UK 2.5 26 2.7 28 29 27 26 28 27 [i 3R
“India* 09 inn ieee Bim mosis 24 26 [41
| France 26 29 27 28 24 25 26 28 26 | 34
Italy 2.1 23 21 21 18 19 19 20 | 20 | 19 | 24
Canada ll 12 13 14 15 15 16 17_[_16 | 16 [ 21
Korean 26 29 27 28 24 25 26 za | 27 | 26 | 34
| Republic

 

 

 

 

 

 

 

 

 

 

 

 

Source: India Data from RBI, Up to 2019 data from World Bank, Future growth rate from OECD Data, Technopak Analysis,
IUSS = 2 75 (for 2019 India numbers)
* For India, 2019 means Fiscal 2020

India’s GDP Growth
Since Fiscal 2005, Indian economy's growth rate has been twice as that of the world economy and it is expected
to sustain this growth momentum in the long term. In the wake of COVID-19, India's real GDP has contracted by

7.3%, while nominal GDP has contracted by approximately 3% in Fiscal 2021and is expected to bounce back and
reach US$ 4 Tn by Fiscal 2025.

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