Consumer electronics news india

  • How is electronics market in India?

    The market was valued at INR 5,363.70 Bn in 2021.
    It is expected to reach INR 12,898.89 Bn by 2027, expanding at a compound annual growth rate (CAGR) of ~15.77% during the 2022 - 2027 period..

  • What are the problems with the electronic industry in India?

    India's electronics industry has immense potential, but it faces formidable challenges in competing with foreign rivals.
    High component costs, limited FDI, and trade barriers have hindered its growth.
    However, the government has recognized these issues and is actively taking steps to address them..

  • What is the future of consumer electronics in India?

    The market was valued at INR 5,363.70 Bn in 2021.
    It is expected to reach INR 12,898.89 Bn by 2027, expanding at a compound annual growth rate (CAGR) of ~15.77% during the 2022 - 2027 period..

CONSUMER ELECTRONICSSales of entry-level discretionary products rising; discounts, launches, financing spur demandLG India's revenue crosses Rs 20,000 cr 

How big is India consumer electronics market?

The India consumer electronics market size is expected to reach USD 124

94 billion by 2030 and is expected to expand at a CAGR of 6

5% from 2022 to 2030

Rising disposable income, rapid urbanization, and the introduction of novel products in the market are expected to further contribute to the market growth


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