
Hindustan Unilever chairman Nitin Pranjpe while addressing the company’s 90th annual general meeting (AGM) said India appears to be a ‘silver lining’ amid global headwinds.
HUL has also added nearly Rs 33,000 crore as incremental turnover and over Rs 9,500 crore as incremental EBITDA said the company. Chairman Pranjpe while addressing investors said India has been the fastest-growing economy in the last decade and is on its way to becoming the third-largest economy surpassing Japan and Germany. “The country’s ambition of becoming high-middle income country by 2047, when the nation celebrates 100 years in independence is a definite possibility” quoted Pranjpe.
India is predicted to house one-fifth of the global workforce, making it a go-to destination for employers around the world. About 66 per cent of Indian population lies below the age bracket of 35 years, with 40 percent falling between 13 to 35. He also said “While the population of other developed countries is ageing rapidly, population here is expected to stay young for longer.”
On the subject of growth in Digital space, Pranjpe shared, it is already the world’s largest and fastest growing market of digital consumers with over 750 million internet users which is expected to boost upto 900 million by 2025.
Pranjpe in his concluding sentences said “This is India’s time. Armed with a growing young population, a focus on digital public infrastructure and large strides in the adoption of green energy, India stands at the focal point of growth globally. It is ,therefore, time for all of us to move forward alongside the nation together”.
HUL’s shares ended at Rs 2,652.10 on BSE on Monday.