Consumer durables, are a category of consumer goods that do not wear out quickly, and therefore do not have to be purchased frequently. The growth rate of consumer durables industry across India was estimated to be 15 percent from fiscal year 2015 to 2020.
This industry in India is thriving with the increasing demands of the vast and diverse user base of the country. The sector is expected to reach US$ 20.86 billion in 2020. And by 2025 it will be the 5th largest in the whole world.
In this Analysis of the Consumer Durables industry, we dig deeper to understand the key growth drivers, the government initiatives, the impact of Covid-19, and future opportunities available for the Industry.
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