The fast-moving consumer goods (FMCG) is one of the largest economic sectors in India. This sector mostly represents packaged goods and other consumables except for groceries, pulses, etc. According to a report by the Brand Equity Foundation of India, with an annual growth rate of 20.6 percent, the FMCG industry of India is expected to reach US$103.7 billion by the next two years. Let’s discuss the GST impact on FMCG sector in India.
