As India gallops, so will FMCG industry: Sanjiv Puri, ITC CMD

Posted on:
Key Points

The Prime Ministers vision to build a Viksit Bharat through a far-reaching paradigm of sustainable and inclusive growth, the governments multidimensional interventions including policies to accelerate physical and digital infrastructure hold the promise to transform India into a global manufacturing hub even as it strengthens its leadership in climate action, services growth and prowess in technology..

In 2024, a rising Bharat with unbounded aspirations, the massification of digital access and democratisation of premiumisation will further broaden opportunities for the FMCG sector...

The key driver to unleashing FMCG growth through a virtuous cycle of consumption, investment and income lies in creating gainful livelihood opportunities..

This sector also bears the challenge of providing food security to Indias projected population of 1.5 billion by 2030 even as extreme weather events continue to multiply and make farmers vulnerable..

Adoption of digital technology by farmers to enhance productivity and access to gainful markets will create newer opportunities, an area that ITCMAARS is spearheading with an aspiration to reach 10 million farmers..

You might be interested in

Digital lending at an inflection point, and other top tech, startup stories this week

14, Oct, 23

The digital lending sector in India is experiencing an inflection point after years of challenges. Industry-level NPAs are decreasing, credit demand is increasing, and investors are showing interest in the sector again. Fintechs have dominated the unsecured lending space, with the market share of fintech lenders in the personal loans sector increasing from 13% in 2018 to 47% in 2023.