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What is driving the growth of FMCG industry in India?

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What is driving the growth of FMCG industry in India?

According to Nielsen, the Indian FMCG industry grew 9.4\% in the January-March quarter of 2021, supported by consumption-led growth and value expansion from higher product prices, particularly for staples. The rural market registered an increase of 14.6\% in the same quarter and metro markets recorded positive growth after two quarters.

Why should you consider working for an FMCG company?

As an employee, you can easily identify with the industry. If you’re looking for a work environment that promotes the sharing of ideas and creativity, you may want to consider working with an FMCG company.

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What are fast-moving consumer goods (FMCG)?

Fast-moving consumer goods (FMCG), also called consumer packaged goods (CPG), refer to products that are highly in-demand, sold quickly, and affordable. Such items are considered “fast-moving” as they are quick to leave the shelves of a store or supermarket.

What are the factors affecting the sales of FMCG?

Some fast-moving consumer goods are highly perishable, such as meat, dairy products, baked goods, fruits, and vegetables. Sales of FMCG are usually affected by discounts being offered by the stores, and by holidays and other seasonal periods.

How rural consumption is driving the FMCG market?

The rural market registered an increase of 14.6\% in the same quarter and metro markets recorded positive growth after two quarters. Rise in rural consumption will drive the FMCG market.

How GST is beneficial for the FMCG industry?

The Goods and Services Tax (GST) is beneficial for the FMCG industry as many of the FMCG products such as soap, toothpaste and hair oil now come under the 18\% tax bracket against the previous rate of 23-24\%. Also, GST on food products and hygiene products have been reduced to 0-5\% and 12-18\% respectively.

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What are the top 5 largest MNCs in India?

MNCs in India. 1 Hinduja Global Sol… 3.9. 2 Dr. Reddy’s. 3 Hindustan Unilever… 4 Larsen & Toubro In… 5 Aditya Birla Fashi…

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