Global consultancy AT Kearney on Thursday said the festive season will only boost demand in the short term.
In an interview to CNBC-TV18’s Rituparna Bhuyan, Saurine Doshi, Asia Pacific head, said, “FMCG sector has been growing at about 10 percent per annum. According to 2019 forecast, it will grow at only 1-2 percent. We do not expect Q2 and Q3 to be very different.”
On the auto sector, Doshi said he believes that the sector is seeing a fundamental restructuring of demand, “Ridesharing applications and the ability for people to kind of move around do have an impact on what they buy and where they buy.”