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"India is currently the fastest growing economy globally. It is in striking distance of being the third largest economy. Through the UJALA scheme implemented by the Government of India providing LED lamps at affordable prices, India is the largest market for LED lighting systems including bulbs, having a 12 percent global market share. India is in the forefront on various parameters and it is now aspiring to be in the elite group of the developed economies which are moving the scale on environmental issues."

Sridhar V
Partner, Grant Thornton India LLP

This article appeared in Money Control on 16th October, 2017.