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Showing posts with the label Trade.

Thanks to 18% GST, the lighting lifestyle industry looks to be at crossroads

The lighting industry and more so the light emitting diode (LED) industry in the country has grown leaps and bounds in recent years. However, in comparison to the strides elsewhere perhaps India has a long way to go. Although you had Incandescent bulbs and Fluorescent lamps in the initial stage, the scenario changed altogether with the advent of the Compact Fluorescent Lamps (CFL) and Light Emitting Diode (LED) Halogen lamps had their own say. In recent times, it looks like LED bulbs have a major say in the domestic market. The advantage of the light emitting diode is that it happens to be a semiconductor light source emitting light with the flow of the current, while electrons in the semiconductor recombine with electron holes, releasing energy in the form of photons. Interestingly, despite the domestic lighting industry emerging into a billion-dollar market it continues to be in its infancy when you ponder over if it is an organized one? As of now, the industry looks to be at crossro