India’s ascent to economic superpower status by 2030 is on the horizon. Recently surpassing Japan, it now ranks as the 3rd largest economy in terms of Purchasing Power Parity (PPP). By 2020, a substantial 30% of India’s population will fall within the 25-44 age group, representing a demographic ripe for electronic goods consumption. While this youthful earning population presents tremendous opportunities, it also raises concerns. The escalating consumption and end-of-life rates of electronic products are contributing to a surge in E-waste generation. In this context, the importance of effective E-waste management cannot be emphasized enough.
India’s consumer electronics and e-commerce sectors have experienced remarkable growth over the past decade. The nation’s consumer electronics market, which stood at USD 69.6 billion in 2012, is projected to skyrocket to USD 400 billion by 2020, solidifying its status as one of the world’s fastest-growing markets. Concurrently, India’s e-commerce industry is on a meteoric rise, expected to expand to USD 43 billion in the next five years.
Explore our whitepapers to gain deeper insights into the evolving landscape of E-waste management and its intersection with India’s dynamic economic growth.
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