During the financial year 2008-09, the consumer electronics industry continued its growth path. The colour TV is the largest contributor in this segment. During the current financial year, the domestic market of CTV is estimated to cross 15 million units. The high end products, particularly Liquid Crystal Display (LCD) TVs continues to register a growth of more than 100% and is expected to cross 3 million by 2010-11. The phenomenon of falling prices in the LCD TV continued over the year and there is a marked tendency amongst the consumers to go in for bigger size LCD TVs. Manufacturing of LCD TV has started in the country and it is expected that it would increase, as the demand increases. DVD Player market has shown a growth of over 20% and is estimated at over 7 million this year. Production of B&W TV continues to decline.
PRODUCTION OF CONSUMER ELECTRONICS
Indias production of consumer electronics goods during the year 2008-09 registered a growth of 15 percent (0.67 percent in US$ terms) over the year 2007-08. In value terms production of consumer electronics goods is estimated at Rs. 25990 crore ( US$ 5651 million) up from Rs. 22600 crore ( 5613 million) estimated in the year 2007-08. Production of consumer electronics items has been growing at an annual average growth rate of 11.32 percent during the past five years.
EXPORT OF CONSUMER ELECTRONIC GOODS DURING 2008-09
Export of consumer electronic goods registered a growth of 62.50 percent (42.40 percent in US$ terms) during the year 2008-09 over the year 2007-08. In value terms, export of consumer electronics goods increased from Rs. 1600 crore (US$ 397 million) estimated in the year 2007-08 to Rs. 2600 crore (US$ 565 million) during the year 2008- 09. Annual average growth in export consumer electronics goods from India during the past five years is estimated to be 25.80 percent (25.84 percent in US$ terms).
MAJOR ITEMS OF CONSUMER ELECTRONICS EXPORT DURING THE YEAR 2008-09
Television sets remains Indias top item of export under Consumer Electronics sector during the year 2008-09 as well. Export of Television sets is estimated to Rs. 1139 crore (US$ 247 million) during 2008-09 up from Rs. 307 crore (US$ 76 million) estimated in the year 2007-08.High growth in Export of recorded video tapes of educational nature and news/views has resulted this item to become the second top item of exports under consumer electronics during the year 2008-09. In value terms export of recorded video tapes of educational nature and news/views during 2008-09 is estimated to be Rs. 1095.65 crore (US$ 238 million). 99 percent of the recorded video tapes of educational nature and news/views were exported to Hong Kong. The other major items of export during 2008-09 have been P A Systems, CD/DVD, Cassettes, Calculators and Two in ones.
MAJOR DESTINATIONS OF CONSUMER ELECTRONICS EXPORTS
Singapore, Hong Kong and other South Asian countries emerged as the top destinations for Indias consumer electronics exports during the year 2008-09. Export to this region registered a growth of 217.66 percent (178 percent in US$ terms) during the year 2008-09 over the year 2007-08. In value terms export of consumer electronics to Singapore, Hong Kong and other South Asian countries increased from Rs. 308 crore (US$ 76.5 million) estimated in 2007-08 to Rs. 978.38 crore (US$ 213 million). Middle East countries which was the top destination for Consumer electronics exports from India since the year 2000 registered a steep decline of 75.8 percent (79 percent in US$ terms) during 2008-09. Middle East countries now stands at 4th position during 2008-09. Export to North America and EU countries also registered a high growth during the year 2008-09.
Export to North America increased from Rs. 30 crore (US$ 7.45 million) estimated in 2007-08 to Rs. 956 crore (US$ 208 million) during the year 2008-09. Export to CIS countries, Far East and EU countries registered decline during the year 2008-09.