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Article: CONSUMER ELEC, IT HARDWARE INDUSTRY TO BOOM IN INDIA: CETMA.
- Article from:
- AsiaPulse News
- Article date:
- November 6, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, Nov 6 Asia Pulse - 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 7,000 billion (US$156.2 billion) in revenues by 2015 from Rs 957 billion 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 annual market growth rate at 22 per cent, but ...