DEFENCE BUDGET 2024: FM NIRMALA SITHARAMAN APPORTIONS RS 6.21 LAKH CRORE
CEO Insights|August 2024
Increasing disposable incomes, due to the proposed tax relief for the middle class, would result in increased discretionary spending.
DEFENCE BUDGET 2024: FM NIRMALA SITHARAMAN APPORTIONS RS 6.21 LAKH CRORE

This, coupled with a focus on rural development and employment generation, could help bring consumption up and bring some relief to FMCG companies and retailers who are witnessing flat sales. "Measures are aimed at improving consumer spends by increasing disposable income, says Saugata Gupta, MD & CEO of Marico".

In particular, focus on infrastructure and employment generation will go a long way in driving demand for FMCG products", Mayank Shah, Vice President, Parle Products, said.

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