Hike customs duty on import of electronic goods to boost local production

Post-demonetisation, budget should offer pro-industry policies to bring back the growth momentum

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Anurag Sharma

Last Updated : Jan 23 2017 | 4:55 PM IST

The consumer electronics industry in India is one of the promising markets for investors and has a compounded annual growth rate of 9.5 percent from 2015 till 2021, as reported by the industry body, Consumer Electronics and Appliances Manufacturers Association (CEAMA) and Frost and Sullivan. The growth will be stimulated primarily by the increase in demand in semi- urban and rural pockets of the country.

In 2016 the industry has witnessed a growth of (10-15 percent) as compared to 2015. With the increase in internet penetration across the country and roll out of 4G network, electronics industry players have a lot

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