India's Consumer Durables Market Projected to Reach Rs 3.25 Lakh Crore by Year 2030

TOI Business•Published: Sep 27, 2026 04:13 PM IST

India's consumer durables sector is poised for significant expansion, with market valuations expected to climb to between Rs 3 lakh crore and Rs 3.25 lakh crore by 2030. This growth trajectory is highlighted in a new joint report released by the Boston Consulting Group (BCG) and the Confederation of Indian Industry (CII).

Market Valuation: The industry is forecasted to reach a valuation of up to Rs 3.25 lakh crore within the next six years.
Domestic Opportunity: The expansion is set to generate an additional Rs 40,000 to 50,000 crore specifically for domestic value addition in components and materials.
Collaborative Analysis: The findings were compiled through a strategic partnership between BCG and the industry body CII to assess future economic potential.

The Context & Background

This report underscores the shifting landscape of India's manufacturing sector as it seeks to reduce import dependency. The projections reflect broader government initiatives aimed at strengthening local supply chains and boosting domestic production capabilities.

Why it matters:The projected growth signals a major shift toward self-reliance in the manufacturing sector, potentially creating thousands of jobs. By focusing on domestic value addition, India can reduce its reliance on imported components, thereby strengthening its industrial base and long-term economic stability.

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