Electronics Industry In India

Foreword

Along with strong Gross Domestic Product (GDP) growth, approximately one sixth of the world's population and a growing per capita income, India has been on the forefront of consumer demand. While demand has been increasing across all sectors, the demand for electronic products has registered significant growth in the last decade. The domestic Indian market for electronics hardware (electronic products and electronic components) is estimated to be USD 64 billion in Financial Year (FY) 2015-16.

The total electronics equipment production of India in 2015 was estimated at USD 1,861 trillion. Over the years, production bases have shifted from the US and the European Union (EU) to Asia, whose share in global production has increased to over 60%. However, India only represents 1.5% of the world's electronic hardware production.