Union Budget Spurs Rural Consumption: Industry Leaders Applaud Agricultural Focus

The Union Budget, with a focus on agricultural schemes and rural development, has been praised by FMCG industry leaders. They highlight its potential to drive consumption, boost infrastructure, and spur economic growth, especially in rural areas. Tax reforms and housing sector initiatives are also expected to enhance urban spending.

The Union Budget’s special focus on agricultural schemes and rural development is set to drive consumption, according to FMCG industry leaders.

HUL CEO Rohit Jawa lauded the investment in infrastructure, noting its multi-year effect on consumption. He termed the budget measures as 'positive' for businesses serving consumers.

Parle Products VP Marketing Mayank Shah noted that initiatives in infrastructure and the agri sector will generate strong demand from rural India, further boosted by a good monsoon and festival season.

Emami Vice President Harsha V Agarwal described the budget as 'progressive and balanced', especially its emphasis on agriculture, MSMEs, and skill development for economic growth.

Marico CEO Saugata Gupta highlighted the substantial increase in capital expenditure allocation, which aims to strengthen infrastructure and generate employment, contributing to overall economic growth.

Godrej Consumer Products CFO Aasif Malbari stressed the budget's promise of holistic macroeconomic growth through investments in job creation and skill upgradation.

Pidilite MD Bharat Puri emphasized the budget's inclusive measures that aim to boost consumption, attract investments, and create jobs, fostering a vibrant economy.

RSH Global Chairman Sunil Agarwal added that rationalizing tax slabs and developing infrastructure will enhance consumer purchasing power and open new market opportunities for FMCG players.