Union budget 2010-11 gives FMCG companies some food for thought

Broadened income tax slabs provide and opportunity for the FMCG companies to cater to a set of richer consumers but rising input costs, fuel prices and excise hike may hinder the growth in demand as a price rise for most of the FMCG products seems imminent. Also the tax benefit seems to be the most beneficial for the upper middle income strata of the society and hence large pool of urban middle and lower middle income families will find coping up with spiralling inflation more difficult

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Original source : http://www.indiaprwire.com/pressrelease/food/20100...