Good News for retailers. According to a statement released by the Consumer Electronics and Appliances Manufacturers Association ( CEAMA), the Indian consumer durable industry is showing a growth of 30%. The sales of refrigerators and AC’s have shown an even higher growth of 50%.
The industry also witnessed a 40 % growth in home appliances sales. Higher disposable income coupled with changing lifestyles is primarily responsible for this surge in demand. The demand for LCD televisions is showing a major increase as consumers are replacing CTVs with LCD . Rural markets and small towns are showing promising demand for durables. There are pockets of prosperity in rural India that are drivers of rural growth.
BS140610
Thursday, June 17, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment