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VISION DOCUMENT ON ELECTRONICS MANUFACTURING - SECOND VOLUME

Key Points:

  • This road map is the second volume of a two-part Vision. The first, titled "Increasing India's Electronics Exports and Share in GVCs," was released in November 2021.
  • The report provides year-round diversification and projections for the production of various products that will lead to the transformation of India into a US $ 300 billion electronics manufacturing powerhouse, from the current US$75 billion. 

Key Products:

  • Among the key products expected to lead India in manufacturing electronics include Mobile Phones, Industrial electronics, Auto electronics, IT Hardware (laptops, tablets), LED Lighting, Strategic electronics, Consumer electronics (TV and audio), Electronic components, PCBA, Telecom equipment, and Wearables and wearables.
  • Mobile manufacturing, expected to exceed the annual production of US $ 100 billion from the current $ 30 billion, accounts for about 40% of this anticipated growth.

Domestic Market:

  • The domestic market is expected to increase from US $ 65 billion to US $ 180 billion over the next five years. 
  • This will put electrical goods among India's 2-3 top-ranking exports by 2026. At $ 300 billion. Exports are expected to increase from US $ 15 billion in 2021-22 to US $ 120 billion by 2026.

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