Poor health infrastructure taking a toll on Indian operation

Poor health infrastructure taking a toll on Indian operations, says P&G


Poor health infrastructure taking a toll on Indian operations, says P&G
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Synopsis
While FMCG growth recovered to 17% during the December quarter, the market growth tapered off significantly since then to 10%, according to a report by Bizom.
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Procter & Gamble, the world's biggest consumer goods firm, said markets including India are worse than ever before and represent significant challenges due to failing health care infrastructure and rising infections.
"The health situation in markets like India, Brazil, Turkey is worse than it's ever been. The number of new cases, the number of hospitalizations, the number of deaths, unfortunately, was higher in the last week and over the weekend than I heard,” Jon Moeller, vice-chairman of P&G, told investors during its quarterly earnings call. “These markets do not have the healthcare infrastructure nor the financial means to provide subsidies to their citizenry."

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