India’s FMCG sector is the fourth largest sector in the economy and creates employment for more than three million people in downstream activities. Products which have a quick turnover, and relatively low cost are known as Fast Moving Consumer Goods (FMCG).
Growth Prospectus
Indian FMCG industry is expected to grow at a base rate of at least 12% annually to become a Rs 4,000 billion industry in 2020 India has a population of more than 1.150 Billions which is just behind China. According to the estimates, by 2030 India population will be around 1.450 Billion and will surpass China to become the World largest in terms of population. Indian Government has enacted policies aimed at attaining international competitiveness through lifting of the quantitative restrictions, reducing excise duties, and automatic foreign in-vestment and food laws resulting in an environment that fosters growth.
GS's Prospective
FMCG is one of the most dynamic domains of the business world. A career in this sector encompasses a large number of job roles like market research, pricing and product development, purchasing, advertising and brand awareness. FMCG is a sector where graduates can gain excellent rewards if they work hard. The International offices of most FMCG multinationals regularly recruit staff from our country, either for short projects or for longer stints.
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