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| India is one of the best destination for FDI |
With the boost in the technological sector of the country, the consumer durable market is gaining momentum owing to the phenomenal growth in the purchasing power of the Indian middle class. There has been a significant increase in the consumption of the electronics, hence its market is also on the fleek. This increment can be estimated by the reach of Indian appliance and consumer electronics (ACE) market to Rs 2.05 lakh crore (US$ 31.48 billion) in 2017. Also, this is expected to rise steadily by 9 percent CAGR to reach Rs 3.15 lakh crore (US$ 48.37 billion) in 2022, thus portraying the status of the Indian electronic goods.
