Following some initial surge in demand during the ICC World Cup, TV panel sales have again witnessed a decline and manufacturers are now asking the government to lower GST and exempt the import duty on open cell television panels to boost sales.
Manufacturers are attributing the fall in demand to overall low consumer sentiments, as sales of other home appliances like washing machine and refrigerators have also witnessed flat growth in July.According to the Consumer Electronics and Appliances Manufacturers Association (CEAMA) President Kamal Nandi, the overall industry "was flat in July with no growth in demand. Before this industry goes into a negative spiral, you should really add some fuel into it," Sharma said adding "we really expect the government to consider a low rate of GST for appliances and revert the duty on open cell to zero."