Diving into Cable Industry’s powering progress!⚡️ Driven by infrastructure development, urbanization, smart cities, real estate growth, rural electrification, and renewable energy 🌱, the cables and wires segment is assured of significant growth. After an 8% CAGR over FY14-23, it is projected to rise to a 12% CAGR between FY23-27. The sector is set to benefit from government infrastructure initiatives, which saw a 30% CAGR in central government capital expenditure from FY20-24, promising further economic growth. 📊 India's power consumption story is evolving. Yet, with per capita usage still below the global average, the demand for cables and wires and FMEG products is poised for a surge, as cables are paving the way for uninterrupted power in our densely populated cities and metros. With rising energy demands fueled by increased household usage and appliance adoption, the need for reliable power infrastructure is more crucial than ever. 🏭 Source: The leading electrical & electronics monthly IEEMA JOURNAL (Vol 12, Issue No. 9, May 24) Power Cables: Unravelling The Indian Cable Industry Scenario. #PowerEvolution #InfrastructureDevelopment #CableIndustryGrowth #UrbanLiving #CableandWire #DynamicCables #cables #wires #DynamicCablesIndia #DynamicCablesJaipur
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