New Delhi, Oct. 8 -- At an expected growth rate of about 13 per cent a year, homegrown consumer technology brands could earn about Rs 1.11 lakh crore by FY2031 and Rs 2.04 lakh crore by FY2036, according to the inaugural Viksit Tech 47 Report released on Thursday.

The projections could rise further to Rs 1.26 lakh crore and Rs 2.65 lakh crore if domestic players secure a higher market share in smart and connected segments at an annual expansion rate of 16 per cent.

The document, titled "Building India's Global Brands in Gadgets, Devices, Appliances and Connected Cars," was launched at the India Mobile Congress (IMC) Viksit Tech 47 spotlight programme. Published to mark the tenth anniversary of IMC, the study tracks the value retained by...