The Growth Story of India

Most of the developed world thinks that India is a backward country and you can find comments to such effect spread all over the internet.  But the fact is India is one of the largest markets of consumer products in the world especially in electronics field. Indian growth rate in consumer electronic is constantly growing at a brisk pace and will remain so until next decade or so.

I will use financial terms in American dollars for the benefit of readers that India is all set to reach $20 billion target annually within a very short time in consumer electronic consumer sector. According to Consumer Electronic & Appliances Market Association (CEAMA) the apex Industry Chamber for the Consumer Electronics and Home Appliances Industry of India, consumer electronics sector in India is growing at a rapid rate and it will remain the same during next decade. 

There is no denying the fact that India did not do well in the first 2 decades after independence especially in electronics sector but its entire information source was limited to radio transmission but the story today is altogether different especially after liberalization of Indian economy in eighties. The Indian market today is full of consumer electronic items including costly mobile phones, cameras, television sets, refrigerators, air conditioners, computers etc. 

The turning point

Actually the entire revolution in electronics sector in India had started in 1965 itself but it was in initial stage. India did not start its television until 1959 that was limited to few cities but it spread considerably in seventies when it spread in several metro cities. The Asian games held in 1982 changed the entire scenario of TV viewing in India although we were still dependent on imported TV sets. Same was the story in refrigerator industry as we did not have a refrigerator manufacturing unit until Kelvinator came to India in 1960. Today we have all the popular brands manufacturing their products in India and exporting to other countries.

Today, the Indians are the largest buyers of mobile phones, refrigerators, cameras, TV sets, air conditioners, cars, washing machines and computers. India is attracting investment in manufacturing sector from all over the world. In fact super powers are trying their best for entering into Indian markets. India imports millions of mobile handsets today but the recently introduced program “Make in India” by our Prime Minister is gaining momentum and we shall soon be self sufficient in hardware sector and you all know it well that we are already undisputed kings of software sector.


Like it on Facebook, Tweet it or share this article on other bookmarking websites.

Comments (0)

There are no comments posted here yet

What's your favorite brand of PCs?

What's your favorite brand of PCs? vote your opinion friends..
No answer selected. Please try again.
Please select either existing option or enter your own, however not both.
Please select minimum 0 answer(s) and maximum 5 answer(s).
/polls/computers-and-technology/5975-whats-your-favorite-brand-of-pcs.json?task=poll.vote
5975
radio
[{"id":"20583","title":"Acer","votes":"15","type":"x","order":"0","pct":14.56,"resources":[]},{"id":"20584","title":"Dell","votes":"39","type":"x","order":"0","pct":37.86,"resources":[]},{"id":"20585","title":"HP","votes":"31","type":"x","order":"0","pct":30.1,"resources":[]},{"id":"20586","title":"Sony","votes":"14","type":"x","order":"0","pct":13.59,"resources":[]},{"id":"20587","title":"other","votes":"4","type":"x","order":"0","pct":3.88,"resources":[]}] ["#ff5b00","#4ac0f2","#b80028","#eef66c","#60bb22","#b96a9a","#62c2cc"] ["rgba(255,91,0,0.7)","rgba(74,192,242,0.7)","rgba(184,0,40,0.7)","rgba(238,246,108,0.7)","rgba(96,187,34,0.7)","rgba(185,106,154,0.7)","rgba(98,194,204,0.7)"] 350
bottom 200
No married couple wants to end up getting divorced. It is not like they have planned for it. They try to put up with their partners for as long as they
Due to our modern lifestyle, we feel that digestion related disorders are a common problem. Thus, we neither give importance to them nor seek any help
The bond of marriage brings the two people together. Initially, everything may seem okay and both of them slowly start discovering each other in the journey.
It's been two weeks since Apple has announced their smart watch or simply - Watch, along with iPhone 6 and the release of iOS 8. Apple Watch is not yet
New technologies in the dynamic arena of IT keep on certain flares in the media and on the net. It must have wondered how fast this growth engine is. But
In Android, just like in Windows, if you want to view a document containing a non-Unicode font, the font must be installed in the system first. Now the
Introduction:  The power of connectivity cannot be overstated if you use mobile phone for calls and text messages. If your mobile phone as sufficiently
Every day a new 3-D Printer is being launched in the markets around the world. According to many experts 3-D Printers have the potential to change the