Consumer goods

- India is emerging as the next big growth market for consumer goods giants like PepsiCo and Unilever, filling the gap left by China's uneven recovery. - Companies are targeting India's diverse population and untapped rural market with new flavors and size variants, driven by the country's fast-paced economic growth. - Major consumer goods firms expect higher government spending, a better monsoon season, and a resurgence in private consumption to boost consumer spending in the coming quarters. - The combined market share of top multinational companies in India is projected to rise, while their market share in China is expected to decline. - Consumer goods companies are heavily investing in India with new product launches and packaging upgrades, contrasting with muted growth in China. Source: [Reuters](https://www.reuters.com/markets/asia/pepsico-pg-india-becomes-next-big-growth-bet-china-lags-2024-08-09/)