Gross savings, less taxing: From shampoo to sev, GST rejig expected to revive consumption demand; FMCG packs to see price cut

Ahead of the festive season, the GST cut on household staples and medicines is set to boost consumption and ease prices. Companies anticipate increased demand for various products, with tax cut benefits passed on through price reductions or increased grammage. This move is expected to energize consumer sentiment, particularly in rural areas, and stimulate growth in the FMCG sector.