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Indian air conditioner market 2014 witnesses strong growth

This market is projected to record a 13% CAGR (compound annual growth rate) growth expected over the period FY 2014-2016.
While India is witnessing a strong growth in the consumer durables segment, the AC segment is highly under penetrated. However, changing environmental dynamics, urbanization and rising income levels, present this segment with a high growth potential.

Currently, more than 77% of households ...

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