Electronics sector rises 11%
Consumer electronics bucked the trend and is growing a strong double-digit — 11% last year — thanks to the fiscal stimulus announced.The government had lowered the excise duty in two tranches, from 14% to 10% and then to 8%, which led to a reduction in prices of televisions, home appliances and washing machines.
The (growth) momentum will be on for a while, and the sector will surge ahead. Even if there is a roll back, there will still be a double digit growth this year, Samsung India deputy MD Ravinder Zutshi said, adding we hope to achieve a 40% growth this year to cross $3 billion in sales, with a total investment of $15 million. Source