Electronics sales seen growing 20% this festive season

The appliances and consumer electronics industry expects around 18-20% value-driven growth this festive season which is coinciding with the Cricket World Cup.

TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55-inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19.