Household appliances exhibition in Delhi in 1993

From the archive record

Mr. Pathak speaks about the household appliances exhibition. He says, "As a matter of fact, Higher purchase impact has hardly been felt in India because the government has put restriction through RBI on banks allowing higher purchase free, in fact, the consumer boom that you are seeing in India in the last one or two years after the liberalization has taken place would have got transformed to ten times it's present size only if at easy price the higher purchase scheme was available because to give you an example, In China, the per capita income is almost the same as that of India ten times more color TVs are manufactured and sold and so is the case for refrigerator. I have a feeling that India could be a very large market because 150 million people collectively in India can buy anything ar