FMCG industry expects recovery in rural growth, consumer spending on track ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 21
The FMCG industry expects the government's special focus on the agriculture sector in the Union Budget 2023-24 would help to regain rural growth while providing more disposable income to the middle class and reviving volume growth. Terming the budget as "progressive and growth-oriented", leading FMCG companies such as Dabur, PepsiCo, Marico, Godrej Consumer, Mars, Wipro Enterprises, and Parle Products said, it has potential to revive the demand and propel long-term economic growth. "It's a positive and favourable budget, with the government's emphasis on infrastructure, technology, and entrepreneurship boosting economic growth. On the other hand, farmer-centric programmes, last-mile connecti

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