Electronics production in India to reach $300bn by 2026
The Modi government has released a vision document that seeks to achieve a $300 billion electronics manufacturing target by 2025-26.
The Vision Document makes recommendations on short-term (1-4 years) and long-term (5-10 years) strategies to increase electronics exports from India, shift of electronics manufacturing ecosystem investments and expand exports by increasing competitiveness and scale.
This roadmap is the second volume of a two-part Vision Document — the first of which titled “Increasing India’s Electronics Exports and Share in GVCs” was released in November 2021.
This report provides a year-wise break-up and production projections for the various products that will lead India’s transformation into a $300 billion electronics manufacturing powerhouse, from the current $75 billion.
Amongst the key products that are expected to lead India’s growth in electronics manufacturing include mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, auto electronics, electronic components, LED lighting, strategic electronics, PCBA, wearables and hearables, and telecom equipment (see chart).
Mobile manufacturing that is expected to cross $100 billion annual production — up from $30 billion — is expected to constitute nearly 40 per cent of this ambitious growth.