China's zero covid strategy could impact India's consumer durable industry

Consumer durable companies may get impacted again due to China’s zero Covid policy as a shortage of components is expected to hit markets post Diwali. 
 

While supply chain issues have been a problem since the start of the pandemic, China’s zero Covid strategy has also posed another risk for consumer durable companies.  White goods have 25-75 per cent of their components coming from China, with air-conditioners being the most dependent on them with 75 per cent.
 

Companies have stocked up on components ahead of the festive season but the shortage will still hit the market post the festive season and