Consumer durables see single-digit growth as penetration remains low

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

The consumer durables industry can witness huge growth in the coming years on the back of low penetration levels and rising aspirations of people.

While the industry witnessed a “strong” festival season, a huge potential for growth remains, Sunil Vachani, chairman at Dixon Technologies and the incoming president of the Consumer Electronics and Appliances Manufacturers Association (CEAMA), told Business Standard on Thursday.

Vachani was speaking on the sidelines of CEAMA’s 44th annual function.

"We have seen single-digit growth across the sector this year, but it should be much higher. When we compare it to our neighbouring countries, the