Makers of fast-moving consumer goods will be the first to recover within India's consumption space as a good monsoon and higher disposal income translate into more purchases, according to Technopak Advisors Pvt. Ltd.'s Ankur Bisen.
The ongoing consumption slowdown in India is because of a supply shortage emanating from the credit crunch, the senior vice president (retail and consumer products division) at the consultancy firm, told BloombergQuint in an interview.
“Because of a credit crunch in this cycle the wholesalers do not have the money to finance larger inventory. So, they have started to look at smaller inventories,” said Bisen.
Watch the full interview here:
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