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The Economic Times
The Economic Times

India’s consumer durables boom has a Rs 50,000 crore localisation opportunity: Report

India BCG

India’s consumer durables market is set for a strong run over the next four years, but the bigger opportunity may lie beyond simply selling more TVs, refrigerators and air conditioners.

The market is expected to grow 8-10% annually to reach Rs 3-3.25 lakh crore by 2030, creating an additional Rs 40,000-50,000 crore opportunity for domestic value addition, according to a joint report by Boston Consulting Group (BCG) and Confederation of Indian Industry (CII), ANI reported on Thursday.

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