electronics & it hardware market in india info type overview the indian industry dates back to 1960s was driven mainly by state and initially restricted development maintenance of fundamental communication systems including radio broadcasting telephonic telegraphic communications augmentation defence capabilities main players were public sector giants like bharat ltd telephone industries late 1980s 90s saw liberalisation globalisation economy too witnessed a boom consumer area growing middle class with larger disposable incomes growth rates excess 30 which had slowed down 7 2001 02 due various factors such as slowdown saturation demand products tvs increasing competition from cheaper imports fall customs duties is fifth largest world has second gdp among emerging economies its 300 million strong spending power this group attracted almost all major korea japan usa they import
