India, China to drive global gadget sales above $1 trillion dollars

Discussion in 'Economy & Infrastructure' started by LETHALFORCE, Jan 11, 2012.

  1. LETHALFORCE

    LETHALFORCE Moderator Moderator

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    London, Jan 9 (ANI): Developing nations India and China will drive global sales of gadgets above one trillion dollars this year for the first time, industry analysts have claimed.

    According to UK-based GfK Boutique Research and the Consumer Electronics Association, developing countries will account for 46 percent of global gadget sales in 2012, up from 37 percent four years ago.

    The groups presented their forecast ahead of the massive International Consumer Electronics Show to be held in Las Vegas.

    Their estimate of 2012 global electronics sales, at 1.038 trillion dollars, represents growth of 5 percent from last year. That compares with growth of eight percent from 2010 to 2011, Express.co.uk reports.

    According to report, consumers in China, India and other developing Asian countries, Latin America and Central and Eastern Europe are snapping up hi-tech goods as they climb towards a middle-class lifestyle.

    Whereas gadget sales in the US, Japan and Western Europe are stagnant, unable to command a higher share of consumer spending.

    A separate survey revealed that the sales of consumer electronics in the US fell 5.9 percent during the festive season, as smartphones cannibalise sales of standalone gadgets like cameras, camcorders and GPS navigation devices. (ANI)
     
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  3. tiranga

    tiranga Tihar Jail Banned

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    India should now boost Innovation productivity and govt must encourage the stdents to involove in research related industries...
     
  4. JAISWAL

    JAISWAL Senior Member Senior Member

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    Yes, GOI should encorage science and innovation.
     
  5. tiranga

    tiranga Tihar Jail Banned

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    To be true I am not very optimistic of GOI, research in private sector will play a more major role in innovation due to billions of grants available and a need to be on the edge. Just like IT the innovation boom will be brought by private sector. My 2 paise
     
  6. balai_c

    balai_c Regular Member

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    Actually for development of technology base, government patronage is essential. It is for all countries, including united states
     

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