FM Sitharaman's Budget 2024 boosts consumer durables sector FM Sitharaman's Budget 2024 boosts consumer durables sector Finance Minister Nirmala Sitharaman allocated a significant amount of capital for rural development, Agriculture and allied sectors which has potential to boost rural and urban consumption. Manoj Reddy Sama / Tuesday, July 23, 2024 / Article rating: 5.0 The Government of India’s focus on higher allocations for rural development, agriculture, and allied services, along with schemes for employment and skilling of youth, is expected to boost both rural and urban consumption for consumer products.
Union Budget 2024: Impact of the budget on FMCG Companies Union Budget 2024: Impact of the budget on FMCG Companies Finance Minister Nirmala Sitharaman allocated a significant amount of capital for MGNREGA, Agriculture, and allied sectors which could improve rural consumption. Manoj Reddy Sama / Tuesday, July 23, 2024 / Article rating: 5.0 The increased funding for MGNREGA, agricultural support, and the focus on improving productivity in agriculture is expected to raise disposable incomes in rural areas, leading to higher rural consumption and benefiting FMCG companies.