4. Special Contributions: 4.1 India
2013-05-25
The year 2012 witnessed a continuation of the economic slowdown that started in 2011 with the market for air conditioners remaining stagnant and declining marginally over 2011. Increased input costs for raw materials such as copper and steel, the weakening of the rupee versus the dollar and delays in real estate projects have all contributed to the stagnation in the air conditioner market.
