Rural India Emerges as FMCG Powerhouse for 2024

Rural India has been termed a 'bright star' for fast-moving consumer goods (FMCG) sales, projecting better growth than urban areas in Q2 2024, according to Kantar's report. Government measures and upcoming state elections are credited for this resurgence, despite challenges like inflation and fluctuating agricultural yields.

In a recent report, Kantar has highlighted rural India as a 'bright star' in the growth of fast-moving consumer goods (FMCG) sales, outpacing urban areas in Q2 2024.

The report credits government initiatives and forthcoming state elections for stabilizing rural markets, leading to this optimistic forecast.

Despite challenges like inflation and uncertain agricultural yields, rural areas are expected to maintain their momentum, contributing significantly to the sector's overall growth.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)