This could coincide with a cyclical upturn in GDP growth, given the latest estimates. The next Budget will provide a clearer picture but this is a rational rebalancing of portfolios if we assume policy will be driven by domestic political considerations. In that case, we are likely to see a shift of investment into three or four sectors that tend to traditionally benefit from rural welfare. One is FMCG, second is two-wheelers and the third, tractors.
Agrochemical consumption could also see an uptick, especially in the context of normal or better monsoon expectations for 2024. A greater focus on welfare schemes like Ujjwala, Jal Jeevan, Swachh Bharat Abhiyan among others, could also be a booster for rural well-being and optimism.
While the last two or three years have been low-growth for FMCG, which has also suffered margin compression due to inflation, the FMCG majors have focused on improving distribution footprints and quick commerce access.
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ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 06, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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