The Economic Times

Indias consumer durables boom has a Rs 50,000 crore localisation opportunity: Report

India's consumer durables market is expected to grow by 8-10% annually, reaching INR 3-3.25 lakh crore by 2030. Localisation presents a significant opportunity, increasing domestic value addition from 50-55% to 65-70%. The market has room for expansion, with household penetration of large appliances still below regional averages. Strengthening component ecosystems and technology partnerships is essential for competing globally. Investments in R&D and efficient logistics will enhance competitiveness in international markets.