The number of freelance projects on gig platform Flexing It rose 25% in the January-June period from a year earlier. The data was shared exclusively by Flexing It with ET. A separate survey done exclusively for ET by executive search firm Ciel HR Services at 400 large, medium and small companies across sectors showed that the adoption of gig workers rose to 55% of organisations in the June quarter from 30% in the same period a year ago.
Although inflation is softening on a YoY basis, still seeing high levels of cumulative inflation, said FMCG major Hindustan Unilever after reporting its Q1 numbers. "FMCG markets are recovering gradually although the operating environment remains challenging. In the near-term, FMCG industry will continue to witness rebalancing of price-volume growth equation and a gradual recovery in consumer demand," said Rohit Jawa, MD & CEO of HUL.
This is good time for FMCG as well as discretionary consumption to sort of come back as the entire market is now rallying and it is on a broad-based rally rather than extremely narrow or polarised rally unlike 2018-19.
Overall consumer demand and sentiments improved during Q1 as rural demand for staples rose, albeit on a low base supported by price cuts and grammage increases, while urban demand remained steady, analysts at Prabhudas Lilladher said in a 6 July report.