INDIAN ELECTRONIC INDUSTRY AT A GLANCE IN 2019 - 2020 There is a significant demand for high-end consumer electronics in the Indian subcontinent of late thanks to modernisation and increase in average disposal income. The consumer electronics and appliances sector is predicted to grow at a CAGR of 13.4% to touch USD 20.6 Billion by 2020. India, one of the largest electronics markets in the world is anticipated to reach $ 400 bn by 2025.
The Consumer Electronics and Appliances Industry in India is expected to become the fifth-largest in the world by 2025. The electronics manufacturing sector in India accounts for 2.5% of the GDP, and employs over 13 million people both directly and indirect jobs.
By 2025, India could create a digital economy of $800 billion to $1 trillion, and India’s digital economy could fuel 18–23% of overall economic activity by 2025.
Export of Indian Electronics
Currently India exports about US$ 6 billion worth of electronics annually and it should target the figure of US$ 100 billion by 2022-23, i.e., a 15-fold growth in five years or a CAGR of 75 per cent. Currently, our exports amount to 13 per cent of domestic production, which is hovering around US$ 45 billion.
Export of Indian Electronics
