New Delhi, Sept. 4 -- Sunil Vachani, Chairman of Dixon Technologies, has hailed the recent GST reforms as "path-breaking", predicting a major boost for the consumer electronics sector.

With the GST on products like LED televisions and air conditioners slashed from 28 per cent to 18 per cent, Vachani believes affordability will increase, driving higher sales and market penetration--currently at just 20 per cent for LED TVs and 12 per cent for ACs. He anticipates strong festive season demand and sees India evolving into a global manufacturing hub as a result of these reforms.

"I think these reforms are path-breaking and they're going to have a huge positive impact on the industry. If you look at the industry of LED televisions and air con...