Elec, IT hardware ind to boom in India

[OhioChick]

PTI< SUNDAY, NOVEMBER 05, 2006 10:55:38 AM>

NEW DELHI: High economic growth, large base of young consuming population, rising disposable incomes and explosion in retail format will see the consumer electronics and IT hardware industry in India touch a whopping Rs 7,00,000 crore in revenues by 2015 from Rs 95,700 crore in 2005.

According to a study by Consumer Electronics and TV Manufacturers Association (CETMA), the contribution of electronics hardware to GDP is expected to rise from 1.8 per cent in 2005 to 12 per cent by the year 2015.

Unveiling the study, CETMA's vice-president (North) Ravindra Zutshi pegged the annual market growth rate at 22 per cent, but said the industry's contribution in India was far lower compared to other countries.

"The share of electronics hardware industry to GDP is 10 per cent in China and as much as 15 per cent in Thailand. This makes India a big opportunity for companies," Zutshi, who is also Deputy Managing Director of Samsung India, said.

http://economictimes.indiatimes.com/articleshowcnews/325421.cms

[The Backlash Cometh]

1. Well, goody for them.

Happy to see someone is enjoying the American dream.

[phoebe]

2. don't forget that Neil and Marvin Bush are benefitting from this

through their private investment businesses...

[lyonn]

5. Oh those Bushs are quite the deal makers!

Neil dipped into the Silverado Savings & Loan for a tidy sum, then it went bankrupt. They have a way of destroying things don't they? Countries, businesses that were given to them, etc.

[brokensymmetry]

3. Meanwhile -

more American workers are tossed into the dumpster.

Thanks, Rethuglicans! You're doin' a heckuva job! :sarcasm:

[MindPilot]

4. We invent it, we design it, we engineer it, we sell it, we make it work

and we freakin' buy the shit, but they get the jobs.