In a nutshell
India’s electronics industry was valued at USD 118 billion in 2019-20, and it grew three times between 2014 and 2020. With the electronics industry poised to grow from USD 72 billion in 2021 to USD 300 billion by 2025, India is expected to have a digital economy of USD 1 trillion by the same year.
India’s share in the global electronic systems manufacturing industry grew from 1.3% in 2012 to 3.6% in 2019. While India’s domestic production has increased from USD 29 billion in 2014-15 to USD 67 billion in 2020-21, its exports are set to increase to USD 120 billion in FY26 from USD 10 billion in FY21.
India is the second-largest mobile phone manufacturer in the world and the third-largest start-up hub with strong R&D capabilities. Private consumption of electronic devices has doubled in India between FY12 and FY21, owing in large part to rising disposable incomes.
The pandemic also gave an unprecedented fillip to the growth of technologies like cyber security, quantum computing, artificial intelligence, and blockchain, and India has emerged as one of the largest markets for electronic products in the world. Additionally, the rollout of 5G technology and policy initiatives like ‘Digital India’ and ‘Smart City’ has increased demand for IoT in the electronics devices market.
The electronic devices industry is divided into the following segments:
• Mobile Phones (24%)
• Consumer Electronics (22%)
• Strategic Electronics (12%)
• Computer Hardware (7%)
• LEDs (2%)
• Industrial Electronics (34%) comprising Auto, Medical, and other industrial electronic products
Indian Electronics Market
Contribution to GDP
Exports in 2020-21
Direct & Indirect Employment (2019-20)
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Electrical Technology
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Know MoreLatest Updates
Cabinet approves changes in PLI scheme for semiconductor manufacturing
The Union Cabinet recently authorized changes to the plan for the ecosystem of semiconductor and display manufacturers, with uniform fiscal assistance of 50% of project costs for all technology nodes.
Mr. Anurag Thakur, Minister of Information and Broadcasting, and Youth Affairs and Sports, announced the Cabinet's decision by stating that the changes will improve the semiconductor plan, increasing capacity inside the nation, attracting investments, and generating employment possibilities.
Compound semiconductors, silicon photonics, sensors, and sophisticated packaging are specialized technologies, thus the updated program will give financial support for 50% of capital expenditures for the establishment of these industries.
