News > Indians to buy Rs 1 trillion worth of consumer durables this year

Indians to buy Rs 1 trillion worth of consumer durables this year

Consumer durable firms in India will sell goods worth Rs 1 lakh crore this fiscal year 2022-23, driven by growing demand for bigger and better ACs, refrigerators, washing machines and TVs, in both rural and urban areas.

The consumer durable industry is in for a 15-18 per cent revenue growth this fiscal, expected to come on the back of 10-13 per cent increase in volumes, Crisil said in a research note this week.