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Steady growth in consumer durables in 2001-02: CII

25-May-2002
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Steady growth in consumer durables in 2001-02: CII

According to the latest Ascon Industry survey released by the Confederation of Indian Industry (CII) for the April 2001-March 2002 period the consumer durables production has shown a steady growth in consumer durables’.

According to the survey, the production growth in the sector followed a steady demand in the domestic and export markets. The survey says within the sector, growth figures for different segments varied based on shifting consumer preferences and other external factors.

In the consumer electronics sector, VCRs, VCPs, DVDs and VCDs have recorded an excellent growth of 50 per cent. Colour TVs and music systems have grown 7 per cent and 5 per cent, respectively.

Refrigerators registered a growth of 4 per cent during the period as compared to a 5 per cent decline in the previous year. The air-conditioners segment recorded a 15 per cent growth in production in 2001-02, lower than the previous year’s 20 per cent.

While water coolers recorded a marginal rise from 3.5 per cent to 5 per cent, washing machines declined by 5 per cent. The overall growth in production in the glass industry was 7 per cent.

Source: Business Standard

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