The Indian Design Industry Is Expected To Grow To INR 18,000 Crore by 2020

Dec 06, 2016

The Confederation of Indian Industry (CII) expects the Indian design industry to grow up to Rs. 18,800 crore by FY 2020, while supporting its industrial design segment upto Rs. 11,000 crore.

According to Pradyumna Vyas, India Design Council Member, Secretary and Director of National Institute of Design, at CII – India Design Summit addressed and underutilization of design in the industry. This is further backed by reports stating that the potential size of the industry has not been reached, as the present market is only worth Rs. 2,100 crore, implying that more 80% of the design potential is yet to be realized in India. Mr. Vyas recognizes an additional importance of “inclusion of design” as boosting manufacturing, which further helps in growth of the industry.