Hotline: 1800 102 2007
X
Search Business Opportunities
research 2015-01-28

FMCG sector to grow at 10 per cent in 2015: Report

In an online survey conducted between 10 -28th November 2014, over four in five (82%) urban Indian respondents indicated the highest level of optimism globally on job prospects in the next 12 months.

By Deputy Features Editor
FMCG sector to grow at 10 per cent in 2015: Report

India's FMCG sector, which recorded a muted growth, is planning a healthy revival due to drop in inflation, said Nielsen India.

"The inflation in the country has fallen to single digit from double-digit it used to be until sometime back. This has paved the way for the revival of the FMCG sector," said Piyush Mathur, President, Nielsen India Region.

The growth in fast moving consumer goods sector was a tepid 7 per cent in 2014, a steep decline from 18-19 per cent recorded in 2010-11.

The sector has now entered the revival mode due to the falling price rate. Mathur said this at unveiling the consumer confidence index (CCI) findings by Nielsen India for Q4 2014.

"The FMCG sector is coming back slowly. The volume growth story will come back because of lower inflation in the next couple of years. And we hope that growth in the FMCG sector will be 10 per cent during the current calendar year and 12 per cent in 2016,” Mathur added.

The sense of uncertainty prevailing among consumers during the past few years was responsible for the muted growth in the key segment, the firm added.

"For the last couple of years, we had a bit of double whammy where consumers were concerned about their job prospects. People were not sure of the economy versus high inflation,” said Mathur.

The report also mentioned that the growth will be faster in the rural areas as compared to urban during the months to come.

The consumer confidence in urban parts rose to a score of 129 in Q4 2014 - a 14 point increase from 115 reported in the corresponding period of the last year. This was despite a 2 per cent fall at global level in the CCI, the report said.

In an online survey conducted between 10 -28th November 2014, over four in five (82%) urban Indian respondents indicated the highest level of optimism globally on job prospects in the next 12 months, followed by Indonesia (73%) and Philippines (73%), the report mentioned.

 

Pic Courtesy: www.careerclubplacements.com

Comment
Related opportunities
  • E-Commerce & Related
    MOS Utility Private Limited is offering franchise with high potential..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • Dairy/F&V Stores
    About Us : Moo Cow was started aiming to be the bigest..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: MilkyWay, a venture of Chanda Softy Ice Creams, started..
    Locations looking for expansion Hydrabad
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Hydrabad
  • About HPS: HPS [Hyderabad Public School Pvt Ltd] is one of..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 50lac - 1 Cr.
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater 0 Andhra Pardesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts