Budget to boost rural consumption, augment purchasing power: FMCG industry

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Budget to boost rural consumption, augment purchasing power: FMCG industry - Business Standard

Quick Summary:

"The new announcements today, increasing the investment rural development, investment activities supporting urban poor, the schemes for youth, employment, especially skilling, are quite positive, especially for business like ours that serves consumers," said Jawa during an earning calls on Tuesday.

The Union Budget will help drive consumption, especially from rural areas, with its special focus on agricultural schemes and rural development, FMCG industry leaders said.

Terming the measures announced in the budget "positive , HUL CEO and MD Rohit Jawa said investment in infrastructure will have multi-year effect and help drive consumption.