India's FMCG Sector Under Pressure Despite GST Rationalisation: HSBC Report
India's fast-moving consumer goods (FMCG) sector continues to face pressure despite improvements in demand following Goods and Services Tax (GST) reductions, according to brokerage HSBC. The brokerage noted that several leading consumer staples stocks have declined by as much as 19%, even as sector growth improved after the September quarter of the previous financial year. HSBC attributed the…
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