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Regulatory reforms that simplify compliance and reduce administrative burdens are crucial for boosting economic activity and supporting business growth, particularly for SMEs. This can lead to increased investment and expansion in the food sector.
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Food safety regulations are tightening across various sectors in India, impacting compliance costs and market structure. The dairy sector is a significant part of the Indian economy.
The LPG shortage directly impacts the operational costs and viability of the food service and hospitality segments within FMCG, potentially leading to reduced demand for related products. This comes amidst a broader slowdown in FMCG sales growth, as highlighted by recent reports.
The government's focus on boosting agri and processed food exports aligns with global demand trends and can significantly contribute to India's economic growth. FTAs are key enablers.