Electronics Industry in India
10 Feb 2020Business Services
Indian Electronics market is estimated at USD 98.8 billion in FY 18. The domestic electronics consumption is met equally by local production (51%) and balance by imports (49%), which was valued at USD 48.3 billion, whereas export of electronic goods from India was valued at USD 9.3 billion in FY 18. With the exponential rise in demand and supportive demand conditions, the Indian market is poised to grow considerably in the next 5 years primarily on account of growing per capita income, consumption of electronics goods (such as smartphones, consumer electronics, etc.), and growing industrial demand.