India s retail and consumer sector experienced limited growth in FY24. The overall fast-moving consumer goods (FMCG) sales declined by 4.5% in Q3, affecting both urban and rural markets. Contributing factors to this decline include depressed consumer sentiment, erratic monsoon affecting rural income generation, and elevated unit pricing across essential and discretionary categories.
India s retail and consumer sector experienced limited growth in FY24. The overall fast-moving consumer goods (FMCG) sales declined by 4.5% in Q3, affecting both urban and rural markets. Contributing factors to this decline include depressed consumer sentiment, erratic monsoon affecting rural income generation, and elevated unit pricing across essential and discretionary categories.