Value Wheels- Navigating Shareholders Success of ITC
VALUE CREATION OF ITC INDUSTRY ANALYSIS Indian FMCG Market Overview: The Indian FMCG market was valued at US $ 185.94Bn. in 2023, and it is expected to reach US $ 1007.45 Bn. By 2029 with a CAGR of 27.9% during the forecast period. Growing youth population, changing lifestyles, and increasing brand awareness among the consumers are also contributed to the growth of India FMCG sector.The FMCG sector is a vital contributor to India’s GDP, being the fourth largest sector in the economy it creates employment for more than 3 Mn people. The phenomenal growth of the FMCG industry especially in the tier II and tire III cities in India is mostly due to the improvement in the standard of living of the people of such cities and the rise in the level of disposable income. Regulatory Body: FSSAI – Food Safety and Standards Authority of India. The Food Safety and Standards Authority of India (FSSAI) is a statutory body under the administration of the Ministry of Health and Fami...