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The consumer electronics and appliance industry in India, which was valued at $9.7 billion in 2014, is expected to increase at a compound annual growth rate of 13.4% to reach $20.6 billion by 2020. Set-top boxes are expected to increase at the quickest rate among consumer electronics, with Y-o-Y growth of 28.8% forecast between 2014 and 2020.
The following is a list of countries by exports of electronics, including parts thereof (Harmonized System code 85). Data is for 2022, in billions of United States dollars, as reported by International Trade Centre. Currently, the top 30 countries are listed.
About 79% of India's e-commerce market was travel related in 2013. [11] According to Google India, there were 35 million online shoppers in India in 2014 Q1 and was expected to cross 100 million mark by end of year 2016. [12] CAGR vis-à-vis a global growth rate of 8–10%. Electronics and Apparel are the biggest categories in terms of sales.
The Indian electrical industry is represented by Indian Electrical and Electronics Manufacturers' Association (IEEMA), which was established in 1948, comprising all segments of electricity from source to socket i.e. generation, transmission, distribution to last mile connectivity/ usage and allied components & accessories.
India's National Policy on Electronics is formulated by the government of India to boost its electronics systems and design manufacturing industry and improve its global market share. The policy was drafted in 2011 by the Department of Information Technology of the Ministry of Communication and Information Technology .
India had 1.012 billion active mobile connections in January 2018. Every year, this number is growing exponentially. [5] According to ASSOCHAM, an industrial body in India, the Compound Annual Growth Rate of electronic waste is 30%. With changing consumer behavior and rapid economic growth, ASSOCHAM estimates that India will generate 5.2 ...
By the end of 2017, India had risen 42 places on the ease of doing business index, 32 places in the World Economic Forum's Global Competitiveness Index, and 19 notches in the Logistics Performance Index. [17] The growth rate of manufacturing averaged 6.9% per annum between 2014–15 and 2019–20. [19]
It entered the mobile phone business in 2008 and, by 2010, became one of the largest companies making low-cost feature phones in India. In 2014, Micromax was the tenth largest smartphone vendor in the world. [3] In the subsequent years, the company faced stiff competition from Chinese companies that began penetrating the Indian market. [4]
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