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India's consumer goods sector saw a 10.6% growth in Q4, driven by rural demand and price hikes.
NielsenIQ reports a 10.6% growth in India's consumer goods sector during the December quarter, driven by increased rural demand and higher prices of essentials.
Despite urban spending slowdown due to inflation, rural markets, accounting for over a third of sales, grew 9.9%, outpacing urban areas.
Smaller and local brands are leading the growth, thanks to affordable product sizes and e-commerce trends.
3 months ago
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