Tag: Rural India
Slowdown Blues: FMCG Sector to face Worst Slump in Revenue Growth in 15 years
India’s FMCG industry could witness its slowest growth in a decade and a half this financial year, Credit Suisse warns, citing liquidity constraints and weak farm incomes. The I-bank estimates revenue at consumer goods companies to grow by about 5% in the second and third quarters of FY20, akin to rates last seen during 2000-03.
Spinning Industry Biggest Crisis Ever; 35 Percent of India’s Cotton Yarn Production Capacity has been Shut Down
FMCG Industry Crisis as Rural India stops spending, affected by Massive Economic Slowdown
People in rural India are holding back on items such as clothes, hair oil and biscuits, Business Insider reports, citing multiple research reports. That’s largely because rural wage growth reduced from 14.6% in 2013-14 to just 1.1% in 2018-19, an SBI Ecowrap study shows. Biscuits as a category, for instance, is growing at just 1%, […]