India's Electronics Output May Reach $500B by 2030 Amid Supply Shift

• India aims to achieve $500 billion electronics production by 2030
• Mobile phones, semiconductors, and consumer electronics lead growth
• Strong policy support and investment are crucial for sector success

India's electronics manufacturing sector is composed of strong and constant growth as global supply chains are restored, establishing the country as a key manufacturing hub, according to a recent PwC report.

The report highlights a major transformation ongoing in the global electronics supply network, with India already witnessing significant growth in smartphone and electronic device production. “India aims to achieve US dollars 500 billion in domestic production, with a conservative estimate of US dollars 282 billion by 2030,” the report cited by ANI said.

It outlines three potential growth scenarios for the sectors, a conservative forecast of US dollar 282 billion, a moderate projection of US dollar 418 billion, and an ambitious target of US dollar 500 billion aligned with NITI Aayog’s vision. Accomplishing the highest target will depend heavily on continuous investments and strong policy support.

This includes mobile phones, semiconductors, and consumer electronics. However, capital expenditure limitations may slow growth in certain areas, impacting overall sector momentum.

Also Read: Apple Supply Chain in India Hits Over 20% Domestic Value Addition

Currently the world’s second-largest smartphone market, India’s mobile and wearables segment is expected to grow to US dollar159 billion by FY2030. The IT hardware segment is also set to expand, with electronics projected to reach US dollar 32 billion in the same period.

The telecom sector is promptly developing, with data traffic increasing 60-fold over five years. By 2026, 5G services are projected to account for over 65 percent of total data revenue, considerably increasing demand for telecom electronics and infrastructure.

While the sector shows great promise, the report stresses that realizing these ambitious targets will require reliable government policies, infrastructure improvements, and strategic investments in high-potential areas.