"India's Agricultural Sector and FMCG Industry Thrive, While Mirae Asset Great Consumer Fund Sees Record NAV Growth!"

We always think about the investment in the sectors which are growing in the upcoming years and India is growing much more as per the prediction.

India's agricultural exports have increased by nearly 20% in 2021-22, reaching a total of $50.21 billion.

Among the agricultural products exported, wheat saw a remarkable growth of 273% from the previous year, achieving an all-time high of $2.11 billion, while other cereals experienced a growth of 53%, bringing in $1.083 billion in 2021-22.

The agricultural sector, which is the largest employer in India, contributed 18.8% to the country's Gross Value Added (GVA) in 2021-22, with a growth rate of 3.6% in 2020-21 and 3.9% in 2021-22. Overall, the agricultural sector has been thriving in the past two years.

The FMCG industry in India is considered a highly secure sector for long-term investments due to the longevity of its products, with many having been in use for over a century and expected to remain in demand in the future. Major FMCG companies such as HUL, Dabur, Emami, ITC, and Nestle are well-known household brands in India, and their products have been widely used in cities and towns for a long time.

Unlike other industries that experience contraction and expansion cycles, FMCG products are constantly in demand because they are basic necessities, and their demand is not expected to decrease significantly during economic crises or recessions. FMCG companies have significant growth potential in various areas, making the FMCG industry one of the most secure sectors for long-term investment in India, particularly if investors are seeking a safe industry to invest in.

The NAV of Mirae Asset Great Consumer Fund Direct-Growth is ₹64.86 as of 21 Mar 2023.