Accelerating With A CAGR Of 21.63%, India Consumer Durable Finance Market Is Projected To Grow USD2704.18 Million In FY2027 | TechSci Research
India consumer durable finance market grew at a significant pace in the past few years and is expected to register strong growth in the coming years as well. The market is projected to grow from USD1110.63 million in FY2021 to USD2704.18 million in FY2027 accelerating with a CAGR of 21.63% by FY2027. People are willing to buy consumer durable products that make the day-to-day life easier, which is further boosting this market. Furthermore, the rising urban class population base, strong brand awareness and increasing disposable income are augmenting the demand for consumer durable finance across the country. However, the strict COVID-19 lockdown imposed in India adversely affected this market to some extend in FY2021 and is expected to carry forward its impact in FY2022. The online options reported higher usage of financial services during the lockdown period, as it was the only safe and available option for the consumers. However, after the lockdown was lifted, there ...