Industry Segment: Market Brief | Word Count: 66 Words
Attachment: Consumer Appliances

According to a report from the Indian Brand Equity Foundation, India's appliances and consumer electronics market is expected to increase at 9% compound annual growth rate to reach $48.37 billion in 2022. Demand growth is likely to accelerate with rising disposable incomes and easy access to credit. Increasing electrification of rural areas and wide usability of online sales will also aid growth in demand.