Packaged foods see demand boost
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India's packaged foods sector anticipates a boost from proposed GST rate rationalization, potentially igniting Diwali sales. The government plans to consolidate GST slabs, primarily reducing rates on consumer goods to stimulate spending. Experts believe lower prices will revitalize urban demand and increase purchasing power, benefiting both consumers and FMCG companies, ultimately fueling economic growth. What's Your Reaction?
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