Union Budget Boosts Consumption and Rural Development, Say FMCG Leaders

FMCG industry leaders applaud the Union Budget's focus on agricultural schemes and rural development, predicting increased consumption and economic growth. Key figures such as HUL's Rohit Jawa and Emami's Harsha V Agarwal emphasize the budget's positive impact on infrastructure, job creation, and investment, especially in rural sectors.

FMCG industry leaders have hailed the Union Budget's special emphasis on agricultural schemes and rural development as a major driver for consumption and economic growth. HUL CEO and MD Rohit Jawa highlighted that the investment in infrastructure would create a multi-year positive impact, boosting consumption.

Parle Products Vice President Mayank Shah stated that the budget's initiatives would greatly benefit infrastructure and the agri sector, stimulating demand in rural areas, especially with a good monsoon and festival season.

Emami VP & MD Harsha V Agarwal praised the balanced budget for its focus on agriculture, MSMEs, and skill development, predicting it will spur economic growth. Marico MD & CEO Saugata Gupta and Godrej Consumer Products Ltd CFO Aasif Malbari similarly noted its forward-looking approach and potential for holistic macroeconomic growth.

(With inputs from agencies.)