February 20, 2024

The four-year CAGR for shopper items manufacturing in FY24 YTD is zero in comparison with the identical interval of FY20.

Highlights: 

For shopper firms a revival in progress stays elusive
Shopper firms are decreasing costs so as to clear stock pile-up
The four-year CAGR for shopper items manufacturing in FY24 YTD is zero in comparison with the identical interval of FY20
Family financial savings have additionally been contracting
Family funds constraints resulting in downtrading in shopper merchandise
Whereas one phase of the inhabitants is spending on luxurious gadgets, others are slicing again on consumption

 

The uneasy mixture of weak demand and excessive inflation continues to cloud India’s outlook,…