Government’s move to enhance rural spending through welfare schemes like MGNREGA and reduction in tax rate on basic income slab would help drive demand for products, say leading FMCG firms. (Source: IE) Government’s move to enhance rural spending through welfare schemes like MGNREGA and reduction in tax rate on basic income slab would help drive demand for products, say leading FMCG firms. Godrej Consumer Products Ltd (GCPL) Managing Director Vivek Gambhir said that reduction in tax slab would leave more money with the consumer to spend and would increase the demand.
“It is largely positive for the FMCG sector, given […]
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