Global MNC CEOs Cheer India Sales, Low-Income Consumers Lag Behind

Global consumer goods manufacturers such as Colgate-Palmolive, Mondelez, Apple, Honeywell, and AO Smith have reported faster sales growth in India after the GST rate rationalization. The companies upgraded their business outlook for the country in 2026, driven by improved demand and a focus on premiumization in the urban market. However, the growth is yet to trickle down to low-income consumers.