India has emerged as a prime focus for global consumer goods giants seeking growth opportunities amid China's uneven economic recovery. With India's economy expanding rapidly among major emerging markets, companies are adapting their strategies to cater to the country's diverse consumer base and tap into its vast rural market potential....
Nestle Reports Double-Digit Growth in India
Nestle's India achieved double-digit growth in the last year, leveraging existing capabilities and investing in new opportunities to create long-term value. India has become the largest market for Nestle's Maggi globally, with six billion servings of the product sold in the financial year 2023-24. For the chocolate wafer brand, Kit...
Consumer Product Companies in India Report Strong Growth
During an investor conference call at Proctor & Gamble, Global Chief Executive Officer David Taylor said that the company posted robust growth numbers for the year ended June 30, 2018, of which two markets — India and Turkey — reported double-digit growth. Taylor added that sales were growing for all categories...
India’s Packaged Goods Industry Likely to Reach $50 Billion by 2017
India’s packaged food industry is rapidly growing. The sector is likely to rise to $50 billion next year from $32 billion last year, according to the Associated Chambers of Commerce and Industry of India, which said, "There has been a major shift in food habits in the metropolitan cities. About 79...
Greek Yogurt Travels to India
Dahi or yogurt is not new to Indians – it has been around since 500B.C. forming an integral part of India’s variety of cuisines, and both savory and sweet dishes are prepared from it. Globetrotting Indians, expatriates, as well as the more adventurous, have come to relish Greek yogurt, and...
Expat and Local Executives Say India on Growth Track
Top Indian industry executives who spoke at an Economic Summit held in New Delhi from November 4 – 6, 2014, welcomed the Modi government’s initiatives in land and labor reforms. Quicker approvals for business would boost manufacturing and creation of jobs they said. The government, which came to power promising...