Electronics Industry in India - UJA Market Report

 

Quick Facts: Indian Electronics Industry

  • From April 2000 to December 2023, cumulative FDI equity inflow into the electronics industry amounted to INR 386 billion.
  • The Union Budget 2023-24 allocated INR 169 billion to the Ministry of Electronics and Information Technology.
  • In FY24, electronic goods exports totaled INR 2,464 billion, compared to INR 1,995 billion in FY23, marking a growth of 23%.
  • India has set a target to achieve INR 25,401 billion in electronics manufacturing and INR 10,160 billion in exports by 2025-26.
  • The demand for electronic products is projected to grow from INR 2,794 billion in FY20 to INR 33,868 billion by 2025.
  • India has surpassed China to become the second-largest manufacturer of mobile devices globally and is expected to become the fifth-largest consumer of electronics by 2025.

Indian Electronics Industry - Product Mix



  • The above graph provides a detailed breakdown of electronic product production across different categories. 

  • Mobile phones stand out as the largest segment, accounting for 43% of total production. 

  • This is followed by consumer electronics and industrial electronics, which comprise 12% each. 

  • Other categories together account for 33%, suggesting that the market remains diverse and 

  • has room for expansion across all segments.

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