Ernst & Young – Vision 2030: India's Rise as a Global Force in Consumer Electronics and Durables, 2024
Summary
The Ernst & Young 'Vision 2030: India's Rise as a Global Force in Consumer Electronics and Durables, 2024' report outlines India's potential to become a leading market in consumer durables by 2027.
The report highlights India's growth prospects in the consumer durables sector, driven by increased household penetration, energy-efficient devices, and IoT adoption. It discusses challenges such as affordability, import dependence, and the need for a developed vendor ecosystem. The report emphasizes strategies for accelerating domestic demand, indigenization, and building export competitiveness.
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