FMCG, retail and auto see good business from Modi govt's last Budget

The Narendra Modi-led government's last Budget before it goes to the polls this year has brought a smile to the faces of most executives in the fast-moving consumer goods (FMCG), retail and auto sectors. 

Friday’s interim Budget, announced by Finance Minister Piyush Goyal, has a slew of measures aimed at alleviating farm distress and improving income in the hands of rural and urban consumers. 

Key sops include assured income for small farmers, a 50 per cent hike in minimum support price for all 22 crops cultivated by farmers, and a 2 per cent interest subvention for those in animal husbandry