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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.
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Se prevé que el mercado de productos duraderos para el consumidor de la India alcance los 5 lakh crore (68.100 millones de dólares) en el ejercicio económico de 30 años, convirtiéndose en el cuarto mercado mundial más grande para 2027.