Boston Consulting Group and the Confederation of Indian Industry announced a joint study that projects India’s consumer durables market to swell to ₹3.25 lakh crore by 2030, with annual growth hovering between 8% and 10%.
Compared with China’s 1%–2% annual rise and the United States’ 3%, India will be the world’s fastest‑growing major market, yet its bill‑of‑materials localisation sits at 25%–70% today, only expected to climb to 30%–80% by 2030 as component manufacturing scales.
Exports are set to reach $900–950 billion by 2030, but India’s share of global trade will stay below 1%, the study warns, with sales largely confined to SAARC and the UAE; the report calls for a coordinated export ecosystem modeled on Thailand, linking clusters, joint ventures, shared testing and certification, and lower financing.
Top Indian durables firms spend less than 1% of revenue on R&D versus 1%–4% abroad, stalling technology leadership, the report notes, while entrepreneurs remain optimistic about AI returns despite workforce readiness gaps.
For a Delhi family eyeing a new high‑efficiency refrigerator, the forecast means the dream could materialise sooner only if domestic supply chains tighten and local production rises—an outcome that hinges on the next policy round slated for October.