Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 02 2017

​Budget 2017: Government's focus on agricultural sector likely to benefit FMCG stocks

FMCG stocks such as Emami rose nearly 4 per cent, followed by ITC, Marico, Colgate-Palmolive, P&G rose nearly 1 per cent.

​Budget 2017: Government's focus on agricultural sector likely to benefit FMCG stocks

The finance minster in Budget 2017 has increased farm credit target by Rs 1 lakh crore to Rs 10 lakh crore in Budget 2017-18 in order to increase credit flow in the agriculture sector.

In the current fiscal year, the government's agriculture credit target is Rs 9 lakh crore.

Allocation to the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) from Rs 38,500 crore in FT17BE to Rs 48000 crore in FY18BE is likely to boost rural employment.

Additional money in the hands of people will give boost consumption and will revive demand. Sectors that will benefit from increased spending by the government or on a revival in rural consumption include consumer staples, two wheelers, housing finance companies, and FMCG stocks.

With a good monsoon this year, rural economy was expected to do well. But, with additional spending by the government in the rural areas rural economy will get additional support.

The total allocation for rural, agricultural and allied sectors for 2017-18 at a record Rs 1.87 crore, it is up by 24 per cent.

FMCG stocks such as Emami rose nearly 4 per cent, followed by ITC, Marico, Colgate-Palmolive, P&G rose nearly 1 per cent.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Quick Service Restaurants
    About Us: Chaat Adda is a unique concept where we serve..
    Locations looking for expansion Madhya pradesh
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya pradesh
  • Ice Creams & Yogurt Parlors
    Emoi , French for emotion is a home grown brand..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Online Coaching
    The TeachersHub is an advanced home tuition app developed to..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Panorama Computronics Private Limited from 1987 appeared with a sole..
    Locations looking for expansion Maharashtra
    Establishment year 1987
    Franchising Launch Date 1987
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities