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India's Electronic Manufacturing target 2030
July 22 , 2024
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- The government has set a target of reaching $500 billion worth of electronics production in the country by 2030.
- 500 billion electronics manufacturing sectors would create 5-6 million jobs.
- It leads to electronics exports totalling $240 billion.
- The current value of India’s electronics production stands at an impressive $101 billion as of FY23.
- This comprises $86 billion in finished goods production and $15 billion in components manufacturing.
- During the same period, exports totalled $25 billion.
- The sector currently generates 1.3 million jobs.
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