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Budget 2024: Can Increased Allocation for Social Spending Boost Rural Consumption & Aid FMCG Cos?

Will the upcoming budget have a greater focus on the rural sector which in turn could boost rural incomes and thus have a ripple effect that can trickle down to the FMCG sector, industry and analysts tracking the sector are hopeful. The key beneficiaries of increased rural demand are expected to be blue-chip large-cap consumer staples players such as Dabur India, Hindustan Unilever, Nestle India or Godrej Consumer. Here’s a list of expectations that the FMCG would want to hear from FM Nirmala Sitharaman

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