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Electronics Manufacturing in India

Electronic manufacturingMake in India, Self-Reliant India (Aatmanirbhar Bharat), vocal to local, are the big words today turning heads across the globe. The Indian government has the right initiatives to boost the country’s economy through deluging interest in manufacturing in India. In terms of production and export, the electronic industry in India is making remarkable growth. On the other hand, software development and IT-enabled services (ITeS) has roved India in a remarkable position in the globe.

With more than one-third of the population today using a smartphone or other advance electronics, electronics manufacturing in India becomes pivotal. Ajay Prakash Sawhney, electronics and IT Secretary shared that the exports of electronic products will grow in the range of 40-50 per cent annually over the next five years. And also Ravi Shankar Prasad, Union Minister mentioned that PLI schemes are going to create around 12 lakh jobs, 3 lakh direct and 9 lakh indirect employment opportunities in the country. These are certainly seen as the silver lining spurring electronics manufacturing in India. The question still remains as a phrase that “Where is the silicon”?

Perhaps, according to a report by the Indian Brand Equity Foundation (IBEF), Information Technology and Business process management (IT-BPM) industry revenue grew 7% y-o-y to reach US$ 191 billion in FY20 and is estimated to grow to US$ 350 billion by 2025. Moreover, revenue from the digital segment is expected to account for 38% of the total industry revenue by 2025. The digital economy is estimated to reach US$ 1 trillion by 2025.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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