BMI View: BMI projects that Indian consumer electronics spending will grow by about 17% in US dollar terms in 2013 to US$37.5bn, fuelled by rising incomes, growing affordability, and the fact that 45% of India’s population is under 25. PC market growth is currently being driven by laptops and by tablets, albeit sales of the latter are growing from a very small base. Meanwhile, sales of smartphones – including Apple’s iPhone – are finally beginning to take off. Spending on consumer electronics devices is projected to grow at an overall CAGR of 14% through to the end of our five-year …
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