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
  • Casual dine Restaurants
    About Us: Our Restaurant Chain Serves Fresh Pizza, Pasta, Soups and..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Planning for a low cost business to start? SQAC franchise..
    Locations looking for expansion Goa
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
  • Beauty Salons
    About Us: Hair Speak is an international-grade spa & salon brand..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Pizzeria
    Start your own pizza joint by becoming a Go69 Franchisee:..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lucknow Uttar 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