-The Hindu Business Line Hike leads to 5% increase in average monthly household spend, says report Bengaluru: Prices of daily essentials and groceries in India have risen by up to 40 per cent. Consequently, monthly average household spend on essentials and groceries has gone up by 5 per cent since the April-June quarter of 2020, reveals a report by Ratan Tata-backed retail digitisation start-up SnapBizz. The report highlights that the FMCG price inflation...
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Rising prices are singeing Covid-battered India, Madame Finance Minister
-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit growth in the last year. When the April 2021 retail inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...
More »Millets pose production and consumption challenges; MP’s Dindori project shows the way forward -Harish Damodaran
-The Indian Express In rural India, the National Food Security Act of 2013 – which entitles three-fourths of all households to 5 kg of wheat or rice per person per month at Rs 2 and Rs 3 per kg, respectively – has reduced the demand for millets. Millets score over rice and wheat, whether in terms of vitamins, minerals and crude fibre content or amino acid profile. They are also hardier and...
More »Why are FMCG majors chasing growth in rural India?
-Livemint.com * Demand in rural markets has outstripped sales growth in urban markets over the last several quarters. * Companies are betting on consumers in rural India switching from unbranded, loose products to branded ones. Top FMCG makers are back to chasing growth in India's villages and are ramping up their reach in those markets. To be sure, companies are betting on large swathes of consumers in rural India switching from unbranded, loose products...
More »What sold or didn’t in lockdown: Bread, jam up, ice-cream down -Pranav Mukul and Anil Sasi
-The Indian Express While the two-month national lockdown generally dampened spending, fast-moving consumer goods (FMCG) companies saw certain unusual trends in demand in certain product categories, company executives said. As India remained locked down in April and May to control the spread of the novel coronavirus, people bought more bread, cheese, coffee, and jams — but less fruity cakes. They expectedly bought a lot of hand sanitisers — but not so expectedly,...
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