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Data▲ Bullish for Indian equities
India’s consumer durables market could reach ₹3.25 lakh crore by 2030
The brief
- Market projected to reach ₹3-3.25 lakh crore by 2030
- Domestic value addition could rise from 50-55% to 65-70%
- Rising local component production could benefit Indian appliance and electronics manufacturers
- Linde deepens its India semiconductor footprint, locks in Sanand land parcel
- PLI: Electronics firms got Rs 19k cr
- ‘UP’s investment policy is shifting to high-value manufacturing, tech sectors’: Yogi Adityanath
- Cyient DLM sees 25-30% growth in electronics design and manufacturing
- Nippon Express targets $380 mn revenue as India chip ecosystem expands
India's consumer durables market growth
India's consumer durables market is projected to reach ₹3–3.25 lakh crore by 2030, growing 8–10% annually. The expansion could add ₹40,000–50,000 crore in domestic value and create opportunities to increase localisation.
Sunday, 27 September
- India’s consumer durables market could reach ₹3.25 lakh crore by 2030