Tag: india economy

Hindustan Unilever’s (HUL's) managing director and chief executive officer, Rohit Jawa told investors that India's per capita FMCG (fast moving consumer goods) consumption when compared to other similar economies is significantly low and within that rural is highly under indexed, post announcing its results. He also said that premiumisation is bound to accelerate as Indians become more affluent and urban. “The more affluent population is expected to double by 2027. Naturally, their per capita FMCG consumption is much higher at about 1.5x to 2x compared to national average,” Jawa said. He...