KEY HIGHLIGHTS

• Objective: Transform India into a global electronics manufacturing hub.
• Target by FY 30:
  • Manufacturing Value: $500 billion
  • Employment: 6 million jobs

Current State of Electronics Sector

• Market Size (FY23): USD 155 billion
  • Production: USD 101 billion (from USD 48 billion in FY17)
  • Exports: USD 25 billion
  • Domestic Production: 99% of smartphones manufactured locally
• Contribution to Global Market: 4% market share, significant focus on assembly

Global Context

• Market Size: USD 4.3 trillion
• Dominant Countries: China, Taiwan, USA, South Korea, Vietnam, Malaysia
• India’s Global Share: <1% exports, 4% global demand

Future Projections (Business As Usual)

• FY 30 Estimates:
  • Manufacturing Value: USD 278 billion
    • Finished Goods: USD 253 billion
    • Components: USD 25 billion
  • Employment:4 million
  • Exports: USD 111 billion

Ambitious Target for FY 30

• Manufacturing Value: USD 500 billion
  • Finished Goods: USD 350 billion
  • Components: USD 150 billion
• Employment Generation:5 to 6 million jobs
• Exports: USD 240 billion
• Domestic Value Addition: >35%

Strategic Recommendations

• Expand Production:
  • Established Segments: Mobile phones
  • Emerging Areas: Wearables, IoT devices, automotive electronics
• Interventions:
  • Fiscal & Financial Support: Incentivize R&D and design, tariff rationalization
  • Infrastructure Development: Enhance manufacturing ecosystem
  • Skilling Initiatives: Train workforce to support sector growth
  • Technology Transfer Facilitation: Strengthen global partnerships