Boosting consumption: Can Budget 2025 rekindle demand for shopping?
budget 2025 is expected to play a pivotal role in revitalising the FMCG sector. Industry stakeholders are optimistic that the budget will introduce initiatives to stimulate demand and consumption, boosting growth in the sector.
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According to Saugata Gupta, MD & CEO of Marico Limited, sustained efforts to uplift rural areas through investments in infrastructure development, technological advancements, strengthening rural distribution networks, and job creation will have a multiplier effect. This will not only fortify the rural agricultural and non-farm economy but also provide a significant boost to rural consumption.
“This upcoming Union Budget could also introduce initiatives that encourage private-sector investments in infrastructure, which will drive job creation, productivity, and economic growth. We also believe that an expanded Production-Linked Incentive (PLI) scheme will enhance India’s domestic manufacturing capabilities, decrease reliance on imports, and help bridge the demand-supply gaps for consumer goods. Support for MSMEs, which are the backbone of India’s economy, is crucial. Measures aimed at easing credit access, reducing operational challenges, and offering incentives for growth and innovation will enable these enterprises to thrive,” adds Gupta.
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