Production value of electrical equipment industry in India FY 2014-2022
During the financial year 2018, the production value of the industry was around 1.75 trillion Indian rupees, up from about 1.6 trillion rupees in the previous fiscal year. This value was estimated to reach 5 trillion Indian rupees in fiscal year 2022. The electrical equipment industry was on a rise in the country due to an increase in infrastructure spending. Reduction in tariffs and customs with easy credit facilities also helped in the rise of the production value.