India's consumer market represents long-term opportunity: N Chandrasekaran

India's consumer market represents a long-term structural opportunity, driven by population, a growing middle class, rapid urbanisation, increasing disposable incomes and raising aspirations, Tata Consumer Products Ltd Chairman N Chandrasekaran said on Thursday.

The Tata group's FMCG arm is well positioned to capitalise on the significant opportunity, he said, while addressing the annual general meeting (AGM) of TCPL.

Chandrasekaran said the India economy has been growing "very strongly" and the current momentum continues to be high.

India is likely to maintain similar growth momentum in the coming years, he said, adding that the global economic landscape has been rather volatile with the geopolitics reshaping supply chains, energy security, and overall resilience.

The baseline forecast for the world economy is to continue to grow over 3 per cent during 2024 and 2025.

However, "India has been growing very strongly with the economic growth rate of 8.2 per cent for the fiscal 2023-2