New Delhi: India, with a high GDP growth and recent GST reduction, presents “massive” opportunities for British multinational consumer goods maker Unilever and its Indian arm Hindustan Unilever, according to a top company official. The companies believe they will be the main beneficiaries of a much more dynamic economic environment in India, said Unilever Chief Executive Officer Fernando Fernandez. Indian consumption was significantly affected over the last three years due to double-digit food inflation, said Fernandez in a JP Morgan Fireside Chat.

“I feel the government in India has taken very relevant measures lately. So, GST reduction, that is the VAT of India, personal income tax reduction, interest rate reduction, when the government does something like this, it’s because things in

See Full Page