For consumer goods firms, India remains a bright spot: Chandrasekaran

India remains a “bright spot” for consumer-goods companies despite global uncertainty and rising input costs, Tata Sons chairman N. Chandrasekaran said on Wednesday, arguing that the country’s demographic advantages and expanding infrastructure continue to underpin growth.

- Neethi Lisa Rojan

The comments come as fast-moving consumer goods (FMCG) companies increasingly rely on pricing-led growth amid higher raw-material, packaging and transportation costs. Against that backdrop, Tata Consumer Products Ltd is expanding into newer categories, digital channels and premium offerings as it seeks to sustain growth and improve profitability.

Tata Sons is the holding company and promoter of all Tata Group companies.

“India remains bright spot in the world, and continues to be the fastest growing major economy, primarily led by demographic strength, expanding physical and digital infrastructure,” Chandrasekaran said at the company’s 63rd annual general meeting.