[ad_1]
Synopsis
According to a report by Frost & Sullivan and the Consumer Electronics and Appliances Manufacturers Association (CEAMA), there are double-digit growth expectations in sales of color TV, refrigerator, washing machine and AC, among others, in 2019-2025.
We are one of the youngest nations in the world in terms of age. In 2020, the average age of an Indian was 29 years, against 37 in China and 48 in Japan. Usually, the younger the age, the better the consumption of the country. Rising urbanisation, increasing disposable income, work from home trend, proliferation of nuclear families, the target of becoming a $5-trillion economy by 2025 are all factors that will contribute to an increase in the
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
[ad_2]
Source link