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India's FMCG Sector Under Pressure Despite GST Rationalisation: HSBC Report

India's FMCG Sector Under Pressure Despite GST Rationalisation: HSBC Report
Photo: Free Press Journal · view original

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 sect...

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