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Consumer sentiment in India has shown steady momentum over the year aided by robust GDP growth and the country continues to be one of the most optimistic markets with 61 per cent of consumers expecting continuous good times, according to global consulting firm BCG. Indian consumers are also unfazed by ongoing geopolitical conflicts as only 17 per cent net consumers believe that recent global conflicts or political events will slow down the country's growth, 2nd lowest after China. In contrast, this number is over 60 per cent for consumers in the UK, France and Germany, BCG said in its latest 'Global Consumer Radar' report. The BCG report covered developed countries France, Germany, UK, US, Japan and developing nations Mexico, Brazil, India and China. As per the report, 61 per cent of Indian consumers expect continuous good times versus 34 per cent who expect widespread unemployment or depression, implying a net optimism of 27 per cent. This is second only to China and far above the
Allana Group, which is in manufacturing and exports of various consumer goods and processed food products, aims to double its business to nearly USD 4 billion, driven by its food processing and some new growth engines as its protein business, among others, a company official said. Allana Group, a family-owned business, which has presence in segments as coffee, poultry, fruits & vegetables, consumer goods, frozen foods, animal nutrition & pet foods, among others, has plans to enter into the domestic b2c markets in some of these segments. "After focusing on exports around the world, we are also looking to build our business in our country. We are very excited about the GST (goods and services tax) reforms. Our businesses like ice cream, pet food businesses, they have completely benefited from this," Allana Group CEO (Processed Food Division) Manish Muley told PTI. Allana group, which is present in the premium ice cream category in India with brand 'London Dairy', has already ...