Investments in rural development and job creation will boost economic activity: Aasif Malbari

MUmbai, The Union Budget 2025 takes a balanced approach by strengthening rural infrastructure, manufacturing, and consumer spending—three critical pillars for the FMCG sector. Investments in rural development and job creation will boost economic activity and drive higher consumption, opening new opportunities for market expansion. Quote Aasif Malbari, Chief Financial Officer – Godrej Consumer Products Ltd.

The National Manufacturing Mission is a strong step toward enhancing domestic production, reducing import dependencies, and improving cost efficiencies. Additionally, tax reforms benefiting the middle class will increase disposable income, further fueling demand across essential and aspirational FMCG categories.

Overall, the Budget lays a strong foundation for a more consumption-driven economy, creating significant growth opportunities for the FMCG industry.” – Aasif Malbari, Chief Financial Officer – Godrej Consumer Products Ltd.