Electronics industry to grow to $112-130 billion by 2018 – Feedback

The Indian electronics and hardware industry is expected to grow at a compound annual growth rate (CAGR) of 13-16 percent to reach $112-130 billion by 2018 from the current level of $75 billion, a study has said. The CAGR of 13-16 percent during 2013-18 is expected to be on the back of rising demand, growing disposable incomes, declining prices of electronics, wider broadband connectivity and e-governance programmes, said the study, ‘Turning the Make in India dream into a reality for electronics and hardware industry’, conducted by Assocham and Ernst and Young (EY).

 

“The Make in India initiative, combined with global manufacturers looking to relocate their manufacturing base from China to alternate locations such as India, Vietnam and Indonesia due to mounting labour costs provides a strong impetus to the industry,” said Milan Sheth, partner and leader (technology), EY. “It presents an opportunity to become a manufacturing-led sector in India from being predominantly consumption-driven.”

 

http://economictimes.indiatimes.com/industry/cons-products/electronics/electronics-industry-to-grow-to-112-130-billion-by-2018-study/articleshow/51729062.cms

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