Union Budget 2025 Reactions | Investments in rural development & job creation will boost economic activity, says Aasif Malbari, Chief Financial Officer at Godrej Consumer Products Ltd

Aasif said, 'Overall, the Budget lays a strong foundation for a more consumption-driven economy, creating significant growth opportunities for the FMCG industry.'

Finance Minister Nirmala Sitharaman tabled the much-anticipated Union Budget for FY26 in the Lok Sabha on February 1. This is a record eighth Budget for the Finance Minister, who, incidentally, also holds the record for the longest Budget speech in India's history.

Aasif Malbari, Chief Financial Officer at Godrej Consumer Products Ltd said, "The Union Budget 2025 takes a balanced approach by strengthening rural infrastructure, manufacturing, and consumer spending—three critical pillars for the FMCG sector. Investments in rural development and job creation will boost economic activity and drive higher consumption, opening new opportunities for market expansion. The National Manufacturing Mission is a strong step toward enhancing domestic production, reducing import dependencies, and improving cost efficiencies. Additionally, tax reforms benefiting the middle class will increase disposable income, further fueling demand across essential and aspirational FMCG categories."

"Overall, the Budget lays a strong foundation for a more consumption-driven economy, creating significant growth opportunities for the FMCG industry," Aasif added.

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Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.