India’s Consumer Durables Market May Reach Rs 3.25 Lakh Crore by 2030: BCG-CII Report

India’s consumer durables market may reach Rs 3.25 lakh crore by 2030: BCG-CII report

India's consumer durables market is anticipated to achieve substantial growth, reaching Rs 3-3.25 lakh crore by 2030. Increased household penetration, premiumisation, and higher incomes will contribute to this progress. The localisation of components and materials is expected to improve significantly during this period. However, India's global export share remains low, highlighting the need for enhanced competitiveness.

India Accounts for Less Than 1% of Global Consumer Durables Trade Despite Expanding Market: BCG-CII Report

Get latest articles and stories on Business at LatestLY. The global consumer durables market is set to reach approximately USD 900 to 950 billion by 2030, yet India accounts for less than 1 per cent of global trade, according to a joint report by the Boston Consulting Group (BCG) and the Confederation of Indian Industry (CII). Business News | India Accounts for Less Than 1% of Global Consumer Durables Trade Despite Expanding Market: BCG-CII Repo…