Type | Journal Article - International Journal of Emerging Research in Management &Technology; |
Title | Opportunities for MNC’S (FMCG Products) in Rural Market |
Author(s) | |
Volume | 5 |
Issue | 7 |
Publication (Day/Month/Year) | 2016 |
URL | http://www.ermt.net/docs/papers/Volume_5/7_July2016/V5N7-133.pdf |
Abstract | In recent years, rural markets have acquired significance, as the overall growth of the economy has resulted into substantial increase in the purchasing power of the rural communities. Rural Markets are defined as those segments of overall market of any economy, which are distinct from the other types of markets like stock market, commodity markets or Labor economics. Typically, a rural market will represent a community in a rural area with a population of 2500 to 30000. On account of green revolution, the rural areas are consuming a large quantity of industrial and urban manufactured products. Products which have a quick turnover, and relatively low cost are known as Fast Moving Consumer Goods (FMCG). FMCG products are those that get replaced within a year. The Fast Moving Consumer Goods (FMCG) sector is a corner stone of the Indian economy. This sector touches every aspect of human life. This paper will provide detailed information about the growth of FMCG industry in rural market of India and examining the challenges, opportunities for the FMCG’s in rural market with growing awareness and brand consciousness among people across different socio-economic classes in rural area of India and how the rural markets are witnessing significant growth. |
» | India - Population and Housing Census 2011 |