India's consumer durables market is projected to reach ₹5 lakh crore ($68.1bn) by FY30, becoming the 4th largest globally by 2027.

India's consumer durables market is projected to reach ₹5 lakh crore ($68.1 billion) by FY30, becoming the fourth largest globally by 2027, as reported by the Confederation of Indian Industry (CII). The sector is the fastest-growing major market, with government initiatives like the Production-Linked Incentive (PLI) scheme driving growth. CII stresses the importance of quality standards and R&D investment, particularly in artificial intelligence, to enhance global competitiveness.

September 30, 2024
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