THE INDIAN ELECTRONICS INDUSTRY: A GATEWAY TO GLOBAL SUPPLY CHAINS
- Credit Rating Agency in India
- Industry Report
- THE INDIAN ELECTRONICS INDUSTRY: A GATEWAY TO GLOBAL SUPPLY CHAINS
With rising per capita disposable income and private consumption doubling between FY12 and FY21, India has emerged as one of the largest markets for electronic products in the world. Electronic products cover a wide spectrum and come in many shapes, sizes, forms, and levels of sophistication. Driven by multiple factors including a growing customer base, a robust startup eco-system, and government programs aimed at promoting domestic manufacturing, India's Electronics System Design & Manufacturing (ESDM) industry has emerged as a symbol of innovation and opportunity. The government efforts and production linked scheme (PLI) schemes, like Made in India, smart city projects, and Digital India, drive the sector's rapid expansion.