U.K.-headquartered Anglo-Dutch company Unilever is bullish on India's conusmer market. Sanjiv Mehta, chairman and managing director, Hindustan Unilever Ltd., said, "For Unilever, India is currently the largest market in volume terms and the second largest in value terms, and in the very near future we clearly see a day when...
In India, Cellular Companies Gain Over Grocers
Affordable smartphones in India, and the growing consumption of mobile data is decreasing the growth prospects of consumer goods companies, reports the Wall Street Journal. Consumer product companies are now changing their marketing strategies to deal with this new phenomenon. Small-time grocers now "recharge" prepaid mobile phone plans for any...