Additional electronics consumption worth ₹20 lakh crore is expected this year, driven by GST reforms rolled out last month, Union Electronics and IT Minister Ashwini Vaishnaw said on October 18.

Vaishnaw cited retail data showing a 20-25% surge in electronics sales compared to last Navaratri, with some categories, like 85-inch TVs, selling out completely. Advertisement

"The increase in demand for electronics goods is directly impacting electronics manufacturing. Electronics manufacturing is now growing at a double-digit CAGR. It is very likely that the consumption will increase more than 10 per cent this year, which means, there is a high possibility of Rs 20 lakh crore extra consumption compared to last year," he said.

Speaking at a joint press briefing with Finance Minister Nirmala

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