Just at the time when you thought that the dark cloud of slowdown hovering over the economy is gone, let’s remind you, the air is heavy with volatility. As the urban demands look bullish and rural markets assertive,
Arun Jaitley’s decision to liberalize the economy in the last budget seem to have worked, at least to some extent.
However with the recent demonetization of Rs 500 and Rs 1000 notes,
FMCG sector that comprises of a big chunk of growth in the retail economy seems to have faltered. While we still have logic to justify our failure, China’s decimated growth over last few years is certainly a matter of concern for the western economists. The 2015-16 had shown just 0.6% growths, which has been the least in the decades.
What makes India and China different in FMCG are a lot of factors.
Go through the slideshow below for more details.