New Market Research Report: India Consumer Electronics Report Q2 2013
BMI View: BMI projects that Indian consumer electronics spending will grow by about 17% in US dollar terms in 2013 to US$37.5bn, driven by rising incomes and growing affordability. Only nine out of 1,000 people in India own a computer, one-fifth of the level in China. Meanwhile, Indian mobile penetration is about 60%. Another long-term driver of growth is that 45% of India's population is under 25. Spending on consumer electronics devices is projected to grow at an overall CAGR...
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