New Delhi, Sept. 28 -- India's consumer durables market is projected to reach Rs 3-3.25 lakh crore by 2030, creating an additional Rs 40,000-50,000 crore opportunity for domestic value addition across materials and components, according to a joint report by Boston Consulting Group (BCG) and the Confederation of Indian Industry (CII).

Consumer Durables Market To Grow 8-10% Annually

The report said India's consumer durables market is expected to grow 8-10 percent annually through 2030, driven by rising household penetration, incomes, nuclear families, easier financing, wider distribution and premiumisation.

China's market is projected to grow 1-2 percent annually, compared with around 3 percent in the US and 1-3 percent in Japan, reporte...