India, Jan. 13 -- India's cables and wires industry has delivered strong growth, expanding at a CAGR of around 11 percent over the past five years to reach an estimated Rs. 90,000 crore market size in FY25. Growth picked up further to nearly 13 percent during FY23-FY25, supported by rising demand from real estate, renewable energy, infrastructure development, and industrial capex.

According to Motilal Oswal, this momentum is likely to continue. The brokerage expects the sector to grow at a 13-14 percent CAGR between FY25 and FY30, which would double the market size to around Rs. 1.9 trillion by FY30. Over the near to medium term, the industry is projected to expand at 1.5-2 times India's real GDP growth, reflecting its structural demand ...