Index : 2,059 | 1Yr : +15.74% | 1Mo : +2.74%
Category : Sectoral Trackers
Min Investment : 4,377
With a strong domestic demand for electronic products and the ongoing nuclear family trend, the consumer electronics market has been growing at a steady pace in the recent years. Products such as televisions, laptops, air conditioners, coolers and refrigerators are are likely to increase substantially in the future as the government is focused on increasing power generation and rural electrification. The demand in rural india is growing at a higher rate than urban demand growth. It is estimated that the ratio of consumption of urban (67%): to rural (33%) is going to change and in the future, the market will be exponentially larger.
The industry is largely affected by the disposal income of the earning population. Thus with growth in GDP, per capita income and demand for housing, this sector will continue to derive benefits in the long-run.