Manufacturing Sector in India
India ranked 30th on WEF global manufacturing index in 2017-18.

Indian Manufacturing Industry Analysis

Latest update: October, 2017

Growth

 

Last Updated: November, 2017

The electronics market in India is one of the largest in the world and is anticipated to grow at a compound annual growth rate (CAGR) of 66.1 per cent from US$ 31.6 billion in 2015 to US$ 400 billion in 2020. Some key factors behind this growth in the electronics market are - rising disposable income, changing lifestyles, and easier access to credit.

Government is working on an export-oriented policy for Electronic products. The idea behind this policy is to promote greater exports of electronics and drive larger investments by setting up port-based electronic manufacturing clusters.

The Government of India has been supportive towards this growth. It set up Electronic Hardware Technology Parks (EHTPs), Special Economic Zones (SEZs) and brought about a favourable climate for Foreign Direct Investment (FDI). The government has also increased liberalisation and relaxed tariffs to promote growth in the sector. In addition, it has given the nod to Modified Special Incentive Package Scheme (MSIPS) under which the central government will be offering up to US$ 1.7 billion in benefits to the electronics sector in next five years.

The growing customer base and the increased penetration in consumer durables segment have provided enough scope for the growth of the Indian electronics sector. Also, digitisation of cable could lead to increased broadband penetration in the country and open up new avenues for companies in the electronics industry.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

Posters

The global launch of
Brand India Pharma,
CPhI Japan-Tokyo,

Brand India Pharma

IBEF Publications

IBEF Publication

50 Reasons To Partner with India

English

+ More Publications >

IBEF Publication

IBEF Blog - INDIA ADDA – PERSPECTIVES ON INDIA More

author_logo-ibef1.jpg Solar energy generation in India: Lighting lives!
IBEF, Knowledge Centre

The generation of power from solely renewable sources like solar energy is a prime focus of India’s energy planning. Started in the early 1970s, the process of crea...

author_logo-ibef1.jpg Digital payment industry in India
IBEF, Knowledge Centre

From being primarily a cash-obsessed economy, India’s digital payment story is new but exciting. Driven by progressive regulatory policies and increased use of mobi...

author_logo-ibef1.jpg The Indian Hotel Industry, Sunshine Ahead
IBEF, Knowledge Centre

Ever expanding domestic tourism, increasing foreign tourist arrivals, forex earnings growth, high airline passenger numbers and muted supply growth has put the Indian hot...

author_logo-ibef1.jpg Generic Medicines and Vaccines: India's Pharma Exports and the Role It Plays
IBEF, Knowledge Centre

In any country, research and studies pertaining to medicines tend to be expensive. That is why companies researching new medicines tend to pass on these costs to consumer...

author_logo-ibef1.jpg Changing mobile internet landscape in India
IBEF, Knowledge Centre

About forty years have passed since the inception of the internet. Today, mobile internet services are a pre-determined requisite, at least for urban Indians. What starte...

author_logo-ibef1.jpg India: An innovative nation!
IBEF, Knowledge Centre

India has a rich history of innovation. Be it the invention of the digit ‘0’ by Aryabhatta or the exceptional sanitation system of the Indus Valley civilizati...

ideas More

Ideas

Hackerearth: A Springboard For Innovation
HackerEarth is an Indian start-up that is simplifying the recruitment process in the IT sector by connecting suitable developers with the right companies. It has built a platform where code would be evaluated automatically; this in turn evaluates the developer based on the skill. ...

JOIN IBEF.org

Join IBEF.org now. Enjoy FREE subscriptions downloads, updates and more.

Error

Already a member?
Login / Retrieve Password