India's Electronics Industry on the Verge of Transformation

India's electronics industry is targeting a monumental USD 500 billion in manufacturing output by 2030, as per a TeamLease report. This ambitious goal necessitates a fivefold expansion in the next five years, addressing a significant USD 400 billion production gap.

Currently, the industry's domestic production stands at USD 101 billion, with mobile phones leading the charge at 43% of the output. Other significant contributors include consumer and industrial electronics, electronic components, and emerging segments like auto electronics and LED lighting.

Job Creation and Talent Gap

This growth trajectory is expected to generate 12 million jobs by 2027, including direct and indirect roles. However, the sector faces a considerable talent gap, highlighting the need for skilled professionals in areas such as semiconductors and electronic components.

Strategic Measures for Growth

To address these challenges, India must invest in skilling programs, foster industry-academia partnerships, and enhance infrastructure. Initiatives like increasing ITI enrollment and expanding apprenticeship opportunities are crucial for bridging the talent gap and sustaining growth.