Retail in Asia

In Sectors

India: Consumer-goods sector moves slowly

India’s fast-moving consumer goods (FMCG) industry, which had escaped the slowdown almost unscathed while other industries were hurting, is now also beginning to feel the pinch.

In the third fiscal quarter of 2009-10, the FMCG industry registered a drop in growth in comparison with the previous two quarters of the year. The industry expects growth during the third quarter to be well under 10 percent, compared with a heady growth rate of over 15 percent in the first half of the year.