Advantage India
Growing
Demand
* The headset market revenue in India is projected to reach US$ 77 million by 2027 at a CAGR of 4.7%, driven by rising adoption of wireless headsets among consumers.
* The dishwasher market in India is expected to surpass US$ 90 million by 2025-26, driven by rising demand from metro cities such as Mumbai, Hyderabad, Delhi and Bangalore.
Opportunities
* Tech players are focusing on tapping the Indian consumer electronics market by developing electronic components manufacturing base in India and encouraging exports.
* Consumer electronic brands are focusing on expansion in the Indian smart wearables market.
Policy
Support
* 100% FDI allowed in the electronics hardware-manufacturing.
* In July 2021, the government approved 14 companies under the production linked incentive (PLI) scheme for IT hardware. Over the next four years, these companies are expected to fuel total production of US$ 21.64 billion.
Increasing
Investments
* As of November 17, 2021, the S&P BSE Consumer Durables Index rose by 4.76% on a monthly basis and 48.97% on a yearly basis.
* The government plans to significantly invest in rural electrification and affordable housing schemes.
* Between April 2000 and December 2021, electronic goods attracted FDI inflows of US$ 3.19 billion.
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