IBEF: September 20, 2016
New Delhi: India's electronic products industry is expected to grow to US$ 75 billion by 2017 from US$ 61.8 billion in 2015, led by a rise in penetration across consumer products, especially in semi-urban and rural markets, according to a study undertaken by Assocham and EY India. Over FY2013-15, the industry grew at a CAGR of 11 per cent. The study noted that the Government of India's initiative for infrastructure development, locomotive and energy, poses a significant opportunity for rapid expansion of the domestic electronics industry. Electromechanical components like PCB and connectors currently dominate the market, which form 30 per cent of the total demand, followed by passive components like resistors and capacitors at 27 per cent.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.