World & BusinessIndia’s consumer durables sector reportedly has a Rs 50,000 crore localisation opportunity
The Economic Times, citing a report, says India’s consumer durables market is expected to grow 8–10% annually, reaching Rs 3–3.25 lakh crore by 2030.
TLDR
The Economic Times, citing a report, identifies a Rs 50,000 crore localisation opportunity in India’s consumer durables sector. It describes scope to increase domestic value addition from 50–55% to 65–70%. Household penetration of large appliances remains below regional averages, leaving room for expansion, the publication says. It also highlights stronger component ecosystems, technology partnerships, R&D and efficient logistics as ways to improve global competitiveness.
India’s consumer durables sector reportedly has a Rs 50,000 crore localisation opportunity
The Economic Times, citing a report, says India’s consumer durables market is expected to grow 8–10% annually, reaching Rs 3–3.25 lakh crore by 2030.
TLDR
The Economic Times, citing a report, identifies a Rs 50,000 crore localisation opportunity in India’s consumer durables sector. It describes scope to increase domestic value addition from 50–55% to 65–70%. Household penetration of large appliances remains below regional averages, leaving room for expansion, the publication says. It also highlights stronger component ecosystems, technology partnerships, R&D and efficient logistics as ways to improve global competitiveness.