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Industry & Competitive Context India's LED lighting market has been one of the fastest-growing segments within the country's Fast-Moving Electrical Goods (FMEG) industry. Industry research estimates place the market at USD 6.22 billion in 2025, projected to expand at a 13.00% CAGR through 2035, while a separate industry report values the broader India LED Lighting Market at USD 12.54 billion in 2026, growing at 8.44% CAGR to USD 18.80 billion by 2031. Government-backed adopti