Union Budget Sparks Optimism in FMCG Sector with Rural Focus

The Union Budget, with its focus on agricultural schemes and rural development, is expected to drive consumption, especially in rural areas. Industry leaders from the FMCG sector praised the budget's investment in infrastructure, tax reforms, and initiatives supporting employment and skill development, forecasting significant economic growth and increased consumer spending.

The Union Budget is set to boost consumption, particularly in rural areas, due to its special focus on agricultural schemes and rural development, FMCG industry leaders have stated.

HUL CEO Rohit Jawa highlighted that infrastructure investments would have a multi-year impact, spurring consumer spending. He praised the budget's focus on mass consumption, emphasizing the positive outlook for businesses serving consumers.

Parle Products VP Mayank Shah predicted strong rural demand, accelerated by favorable monsoon and festival seasons. Tax and housing sector reforms are also expected to drive urban spending.

Describing the budget as 'progressive and balanced,' Emami VP Harsha V Agarwal noted its focus on multiple sectors, including agriculture and MSMEs, anticipated to spur economic growth.

Marico CEO Saugata Gupta highlighted a substantial increase in capital expenditure for infrastructure and job creation, supporting long-term economic growth.

Godrej Consumer Products CFO Aasif Malbari commended the budget's holistic growth initiatives at the grassroots level, which are expected to boost rural and non-metro market consumption.

Pidilite MD Bharat Puri and RSH Global Co-founder Sunil Agarwal echoed these sentiments, lauding the budget's strategic measures to enhance consumption, attract investments, and create jobs, fostering economic expansion.

(With inputs from agencies.)