Sales growth in India’s FMCG sector slowed to 7.8 per cent in the December quarter of 2025, according to a NielsenIQ report. Volume growth also dropped to 2.6 per cent year-on-year, marking the lowest level of the year amid GST rationalisation and a high festive season base

While there is no revision in slabs, the Budget addresses several long-standing concerns of middle-class taxpayers through targeted relief measures, including a reduction in TCS rates, and the introduction of new dividend-related deductions