💨 Abstract

The report by CII and EY India indicates that India's consumer durables market has significant growth potential, due to lower penetration of electric appliances compared to the global average. This is attributed to rising affluence, changing lifestyles, and evolving consumer preferences. The report reveals that the penetration of key appliances like air conditioners and refrigerators in India is far below global standards.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖