provide enough luminosity as a 40 watt normal incandescent bulb besides there is a price difference of about rs 400450 between a cfl and a led bulb and while the former would last about one to one and a half years the latter can shine upto 15 years clocking a compounded annual growth rate cagr of about 45 per cent the light emitting diode led lighting market in india is likely to reach nearly rs 2570 crore by 2015 from the current level of about rs 600 crore according to the assocham studyled lights account for a meagre four per cent of the rs 11500 crore worth indian lighting industry which is likely to reach rs 19700 crore by 2015 according to the study as per a simple arithmetic logic if each person in india about 100 crore uses a single led bulb capable of saving an average of about 50 watts of power in each household according to the assocham study thus usage of leds might save nearly 35000 mega watts mw of new capacity amounting to about rs 347 lakh crorethe bureau of energy efficiency bee is taking requisite measures to define standards so as to encourage local manufacturing of led lightsleds have a huge potential for growth in india due to rising power outages and skyrocketing energy bills but its relatively high costs might prove to be a deterrent said mr rawat the government must subsidise the costs of leds to make them more affordable for the pricesensitive indian consumers and encash on their energy saving potentialinstalling reflective glasses on windows by putting a solar or tinted film on the house or office windows can help reduce the room temperature by 15 per cent assocham suggested the delhiites the way to reduce the carbon footprint and save money in the process as well besides appliances like water heaters lights refrigerators water purifiers and cookers can be run on solar power which can result in increased savings over the yearsthe consumer electronics and durables industry is currently poised at about rs 34000 crore and is growing at a compounded annual growth rate cagr of about 15 per cent according to assocham estimatesdemand for consumer electronics and durables is driven by a young demographic population coupled with rising disposable incomes amid skilled and highly educated workforce said rawat besides low penetration levels easy availability of finance options growing prominence of consumer electronics retail stores online retail industry and a robust 400 million plus indian middle class with a comprehensive rise in level of affluence is also fuelling the demand in this industry