India’s consumer durables market may reach Rs 3.25 lakh crore by 2030: BCG-CII report

India's consumer durables market is anticipated to achieve substantial growth, reaching Rs 3-3.25 lakh crore by 2030. Increased household penetration, premiumisation, and higher incomes will contribute to this progress. The localisation of components and materials is expected to improve significantly during this period. However, India's global export share remains low, highlighting the need for enhanced competitiveness.