FMCG companies are expanding into rural areas where consumption is growing faster than in urban areas, driven by higher household incomes from good monsoons. Firms like ITC and Zydus Wellness are offering smaller, affordable packs of their products to cater to these markets. Rural consumption of FMCG products grew by 6% in the September quarter, outpacing urban growth.
Related Posts
Manufacturing activity moderates to 8-month low in September: Survey
India’s manufacturing sector sees a slowdown in September, hitting an eight-month low with the PMI dropping to 56.5 from 57.5 in August. Production, sales, and […]
Indian Railways’ 1st hydrogen train on tracks soon? India to become 5th country to operate hydrogen-powered trains
Indian Railways is set to launch its first hydrogen train, with trial runs expected in December 2024. The project includes 35 trains and significant investments […]
Amazon to surpass $13 billion in cumulative e-commerce exports from India by 2024 end
Amazon projects exceeding $13 billion in cumulative e-commerce exports from India by late 2024. With a rising number of sellers and expanding product offerings, the […]