Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025
Domestic electrical equipment market is expected to grow at an annual rate of 12 per cent to reach USD 72 billion by 2025, an industry executive said. At present, total worth of India’s electrical equipment market stands in the range of USD 48-50 billion, Anil Saboo, the President of the Indian Electrical & Electronics Manufacturers’ Association (IEEMA) said. “We are at USD 48-50 billion and shall grow at a CAGR of 11 to 12 per cent. So, by 2025 it shall be around USD 72 billion,” he told PTI. Value…
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