The Indian FMCG industry has evolved significantly since the 1990s, driven by economic liberalization and changing consumer lifestyles, and is characterized by a well-established distribution network and intense competition. It is the fourth largest sector in the economy, contributing to around 3 million jobs, with major players including Hindustan Unilever, ITC, and Nestle. Key growth drivers for the sector include increasing awareness, accessibility, and a shift in lifestyles, with projections suggesting continued expansion in the coming years.