GST 2.0 was meant to spur spending, with expectations of a shift to premium and branded goods. Though big-ticket items have seen some traction, the wider consumption uptick remains elusive.
GST 2.0 was meant to spur spending, with expectations of a shift to premium and branded goods. Though big-ticket items have seen some traction, the wider consumption uptick remains elusive.
India's fast moving consumer goods (FMCG) sector majors faced a challenging quarter with the implementation of the goods and services tax (GST) rate cuts and the country's new labour codes being the key levers controlling the outcomes.