New Market Research Report: Refrigeration Appliances in India
The Indian economy slowed significantly over the course of the review period. According to the latest statistics, GDP growth stood at 4.4% year-on-year in July 2013, which was less than half the rate registered over 2007/2008. This slowdown had an impact on refrigeration appliances, reducing volume growth from 20% in 2008 to just 2% in 2013 as consumers started postponing the purchase of such appliances. Moreover, manufacturers had to increase prices due to rising input costs, making it even...
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