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FMCG sector to expand at 9 pc in FY20, growth to improve in FY21: Report
Progressive Grocer
|February 2020
The Rs. 4 lakh crore FMCG sector will close fiscal 2020 with a 9 percent growth, down 4 percentage points and a jump in rural buying will lift the same to 11 percent in fiscal 2021, according to a Crisil Ratings report.
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The recovery in growth for the fast-moving consumer goods (FMCG) sector will begin playing out from March-April 2020 riding on a jump in farm incomes, says the report. The estimate comes amid reports of a sharp fall in overall consumption, with one media report also claiming that there has been de-growth in the activity for the first time in four decades. This dip in consumption is one of the most important factors dragging down the GDP growth. Better storage levels in reservoirs, which are over 40 percent higher than the year-ago period due to better rains, an 8 percent increase in winter crop output and better visibility for the upcoming seasons will lift the rural consumption, it said.
यह कहानी Progressive Grocer के February 2020 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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