OVERVIEW

• Consumer electronics market reached Rs 2.05 trillion (US$ 31.49 billion) in 2017.
• It is expected to increase at a 9 per cent CAGR to reach Rs 3.15 trillion (US$ 48.37 billion) in 2022.
• According to the consumer brands, there is 9-12 per cent increase in the sales of consumer electronics in Diwali season in October 2019.
• Electronics hardware production in the country increased from Rs 1.90 trillion (US$ 31.13 billion) in FY14 to Rs 3.88 trillion (US$ 60.13 billion) in FY18. Demand for electronics hardware in India is expected to reach US$ 400 billion by FY24*.
• Consumer durable exports reached US$ 362.12 million in 2018. Consumer electronics exports from India reached US$ 451.29 million in FY19.
• Television industry in India is estimated to have reached Rs 740 billion (US$ 10.59 billion) in CY2018 and projected to reach Rs 955 billion (US$ 13.66 billion) in CY2021.