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Consumer durables growth likely in Q4’20

According to an official source, a 15% growth in consumer durables segment is expected in the last quarter taking the sector’s expansion in 2019-20. The sector grew by 10% in the first three quarters of 2019-20 and clearly did not show any signs of being affected by economic slowdown.

Sanjeev Jain, National Sales Head, Godrej Appliances, told reporters, “It is expected that the size of the consumer durable sector would be doubled to over Rs 1 lakh crore from present around Rs 55,000-crore because of growing needs of products in the day-to-day life of the people.” He also said that the consumer durable sector is expected to double the market size to Rs 1 lakh crore by 2025.