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Article: Consumer elec, IT hardware industry to boom in India: CETMA.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 5, 2006
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Consumer elec, IT hardware industry to boom in India: CETMA
New Delhi, Nov 5 (PTI) High economic growth, large base of young consuming population, rising disposable incomes and explosion in retail format will see the consumer electronics and IT hardware industry in India touch a whopping Rs 7,00,000 crore in revenues by 2015 from Rs 95,700 crore in 2005.
According to a study by Consumer Electronics and TV Manufacturers Association (CETMA), the contribution of electronics hardware to GDP is expected to rise from 1.8 per cent in 2005 to 12 per cent by the year 2015.
Unveiling the study, CETMA's vice-president (North) Ravindra Zutshi pegged the ...