The year 2022 was supposed to mark the recovery of the Indian economy from the Covid-19 pandemic and lockdowns of the preceding two years. However, the Russian invasion of Ukraine in February pushed up prices of food, fuel and fertilizer worldwide. In India consumer price inflation, which had declined to under 5 percent in the September-November period of 2021, has steadily increased, staying above 6 percent throughout 2022.    What happened to rural incomes in 2022? An...

Economic Times Unilever global chief executive Alan Jope said high inflation impacted demand from low income consumers in Indian villages even as growth remains stronger in cities. "The market growth in India remains stronger in urban areas than in rural areas and that reflects the high impact of high food inflation on low income consumers. We are seeing rural markets broadly flat in value terms with lower volumes," Jope said during its...

- Business Standard India’s fast-moving consumer goods (FMCG) sector grew at a slower pace of 7.6 per cent, in the October-December 2022 quarter, compared to the previous quarter as well as October-December 2021, Business Standard reported, citing data from market research firm NielsenIQ. Price growth has tapered and volumed remain weak. Price growth during the quarter was 7.9 per cent, lower than 9.9 per cent in the previous quarter. FMCG firms were...

-Livemint.com The issues were discussed at a national governing council meet of the All India Consumer Products Distributors’ Federation (AICPDF) in New Delhi earlier this month NEW DELHI: Distributors of fast-moving consumer goods have raised concerns over some practices of packaged goods makers such as Amul, Mondelez and Tata Consumer Products, which they say are leading to supply shortages, or dumping of stocks in a sluggish market. The issues were discussed at a...

-Business Standard Urban demand also hit, but not as badly; Overall FMCG sales decline 15.3% MoM and 2.7% YoY Rural demand for fast-moving consumer goods (FMCG) in November dropped because of a loss of momentum after the festival season. Please click here to read more.  ...