The ongoing trade war with China may harm the consumer durables market in the immediate future. One of the major reasons being that India is still in the process of developing the electronics manufacturing ecosystem. AC compressors, motors for washing machines, and display panels, among others continue to be imported from China. The curb on Chinese imports may lead to a whopping rise in price of the end-product. We still have a long way ahead to make electronics manufacturing in India completely self-dependent. There is no denying the fact that the step will be beneficial in long term.
Brands retailed: LG, Panasonic, and Intex