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Business Jun 16, 2025

India's potential electronics manufacturing boom

India's electronics industry is on track to hit $500 billion by 2030, powered by booming demand for smartphones, mobiles, and consumer gadgets. The mobiles and wearables segment alone could add $159 billion, while IT hardware is set to grow thanks to digitalization and AI.

TL;DR

Global manufacturing hub

Government push—think incentives like PLI schemes—is making India a global manufacturing hub. Big names like Apple and Foxconn are ramping up local production, showing the world that India means business.

Challenges ahead, but India has a shot at meeting goal

There are still challenges: funding limits and infrastructure gaps could slow things down. But with a skilled workforce and supportive policies, India has a real shot at meeting its ambitious goal—and opening up more tech jobs along the way.