India is rapidly positioning itself as a global hub for electronics manufacturing, leveraging its growing domestic demand, strategic government policies, and increasing participation in Global Value Chains (GVCs). With an ambitious target of achieving $500 billion in electronics manufacturing by 2030, the nation aims to emerge as a leader in this critical sector. This article explores India's progress, the challenges it faces, and the opportunities that lie ahead in its journey to becoming a global electronics manufacturing powerhouse.
India’s electronics sector has grown from $48 billion in FY17 to $155 billion in FY23, driven largely by mobile phone production, which accounts for 43% of total output.Exports have also surged, with electronics exports projected to reach $240 billion by 2030. The sector is expected to create 5.5-6 million jobs by 2030, significantly contributing to India’s economic growth. Scaling up production of established segments like mobile phones.Expanding into emerging areas such as wearables, IoT devices, automotive electronics, and semiconductors.
India's ambition to become a global hub for electronics manufacturing is both timely and achievable with the right mix of policy support, private sector collaboration, and infrastructure development. By addressing challenges such as import dependence and workforce skilling while capitalizing on opportunities like GVC participation and emerging technologies, India can not only meet but exceed its $500 billion target by 2030.