माझी दृष्टी + मेरा दृष्टिकोन + My Perspectives

16 July 2020, Mumbai Chip and Best... As per a report by CEAMA (Consumer Electronics and Appliances Manufacturer's Association), the Indian consumer electronics industry had an estimated market size of Rs 76,400 crore in 2018-19, in which Rs 32,200 crore was contributed from domestic manufacturing. Product categories that are considered in this category were air conditioners, refrigerators, washing machines, television (TV) and audio.  During the Pre-Corona period, there had been a steady rise in disposable income of an average consumer. That coupled by aspirational values and availability of online and large format retail markets, demand for consumer electronics had been increasing steadily at an average rate of 10-11% pa. As per the earlier estimate the market would have grown at an annual rate of 11.5% pa till 2025. What is important to note that, as per CEAMA, the domestic value addition to products under scope was around 35%, which would grow to 50% by 2025. This ...