India, Sept. 22 -- Daily essentials and food products will be cheaper from Monday, as leading FMCG companies have slashed prices, extending Goods and Services Tax (GST) cut benefits to consumers.
The move is expected to lead to a spike in consumption and a surge in sales during the upcoming festival season, which starts with the Navratra celebrations. FMCG companies have extended benefits of GST 2.0 with immediate reduction on price without any disruption, along with some discounts for festivals as they expect to enter a new growth phase after facing a few challenging quarters that saw persistent food inflation and slow pace of urban consumption.
Companies operating in the space of FMCG products have issued revised price lists with new MR...