Make In India

Electronic Products Sector Overview

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India’s Electronic Products sector, valued at ₹7.8 trillion in 2023-24, is one of the fastest-growing globally. It plays a key role in boosting domestic manufacturing and exports, catering to both local and global demand.

Why Invest in the Electronic Products Sector

  • Rising Demand: Driven by increasing adoption of consumer electronics and IoT devices.
  • Government Support: Policies like PLI and Digital India promote local manufacturing.
  • Export Growth: India is becoming a global hub for electronic product exports.

Incentives & Schemes

  • PLI Scheme for Electronics: ₹40,000 crore allocated to boost manufacturing.
  • SPECS: ₹3,000 crore for infrastructure and component manufacturing.
  • National Policy on Electronics (NPE): Targets $400 billion production by 2025.

Highlights

  • High Growth: Projected CAGR of 15% between 2024-2030.
  • FDI Opportunities: 100% FDI allowed in electronic product manufacturing.
  • Employment: Direct and indirect employment for over 5 million people.

Electronic Products Sector Data

Category Details
Market Size (2023-24) ₹7.8 trillion
Export Value (2023) $23 billion
PLI Scheme Allocation ₹40,000 crore
SPECS Funding ₹3,000 crore
Domestic Consumption Expected to reach $150 billion by 2025
FDI in Electronics $6 billion since 2000
Mobile Phone Production 320 million units in 2023
Sector Growth Rate CAGR of 15%
Global Share in Electronics Targeting 5% by 2025
Employment 5+ million people

Latest Figures and Progress

  • Exports: Electronic product exports reached $23 billion in FY 2023, up 22%.
  • Production: Over 320 million mobile phones manufactured in 2023.

India’s Electronic Products sector is poised for strong growth, backed by rising demand, government incentives, and increasing exports.