By Sudhir Sitapati, Managing Director & Chief Executive Officer, Godrej Consumer Products Ltd.
“Our main expectation from the Budget is efficient measures to boost consumption, particularly through further rationalisation of GST. There are a few large, mass-consumption FMCG categories, especially in home care, that continue to be taxed at 18 per cent and could logically move to a lower slab such as 5 per cent to support demand. We also believe that higher allocations for infrastructure linked to labour- and water-intensive categories should be released in a timely manner. That said, the sector has already seen significant stimulus over the past year, and continued focus on consumption will help sustain growth.”
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