Slow sales cloud $500-bn goal for local electronics

To reach the goal, annual revenue growth needs to be 23%, against the current growth of 5%

- Shouvik Das

NEW DELHI: India's cooling consumer electronics market has put a question mark on its lofty aim to achieve annual revenue of $500 billion from electronics manufacturing. While policy and financial measures on the way can help, the country is likely to miss the target by a mile, experts said. India's domestic electronics industry may clock a total revenue of just $145 billion this year, the consensus estimate of three market researchers showed. This includes the consumer electronics industry of smartphones ($42 billion); laptops, desktops and tablets ($11 billion); and televisions, cameras, audio and accessories ($12 billion). Home appliances are expected to add $80 billion.