India’s electronics sector has evolved significantly, transitioning from high import dependency to becoming a leading global player, particularly in mobile phones, consumer electronics, IT hardware, and electronic components. With domestic production surging from USD 60 billion in 2018 to approximately USD 102 billion in 2023, and a notable export value of USD 23.57 billion, India is poised for further growth. The VIKSIT framework offers targeted strategies and an actionable approach to unlocking growth through strategic insights and targeted recommendations. Harness the full potential of India's electronics industry with the VIKSIT framework. Explore actionable insights and strategic recommendations to propel the sector forward. Read more: https://www.pwc.in/viksit #PwCVIKSITFramework #ElectronicsSector #IndiaGrowth #ExportStrategy #TogetherWeFuture Sanjeev Krishan | Vivek Prasad | Arnab Basu | Mohammad Athar | Ranen Banerjee | Manpreet Singh Ahuja | Kavan Mukhtyar | Sujay Shetty | Shashi Kant Singh | Anurag Sehgal | Dr. Manoranjan Pattanayak (Manu) | Raghav Manohar Narsalay | Anurag Srivastava | Dhruv Gadh | Sonal Mishra | Rohan Shah
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India’s electronics manufacturing sector has seen tremendous growth, with 330 million mobile phones produced annually, creating 1.2 million jobs. Since the launch of the 'Make in India' initiative, the industry has expanded significantly, growing from ₹1.9 lakh crore in 2014-15 to ₹9.52 lakh crore in 2023-24, with exports increasing 77 times. Today, 99.2% of mobile phones sold in India are made domestically. The Production Linked Incentive (PLI) scheme has played a major role in this success, boosting production and attracting investments. Additionally, the India Semiconductor Mission is poised to further enhance India’s electronics sector. MyGov India Make In India MSME Business Forum India Ashwini Vaishnaw Ministry of Social Justice and Empowerment Govt. of India #MakeInIndia #Manufacturing #MobilePhone #Production #PLIScheme #DigitalIndia #SkillIndia #EconomicGrowth
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Consider investing in #NewIndia if you're an electronics company looking for a new manufacturing hub. The country's mobile phone exports grew by ~40% in FY 2024, driven by a strong ecosystem and favourable policies. Find out more at: https://lnkd.in/fEyaWZW #InvestIndia #InvestInIndia #Manufacturing #MobilePhones Department for Promotion of Industry and Internal Trade Ministry of Electronics and Information Technology Ministry of Commerce and Industry, Government of India NITI Aayog
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India’s electronics sector is on a rapid growth path, driven by major segments like mobile phones, consumer electronics, IT hardware and components. Once heavily dependent on imports, the industry has now emerged as a global leader in smartphone manufacturing, with domestic production climbing from USD 60 billion in 2018 to nearly USD 102 billion in 2023. To build on this momentum and achieve India's USD 1 trillion merchandise export goal, strategic government action is essential. The VIKSIT framework outlines important measures to further enhance the sector's capabilities and international competitiveness. Discover how these strategies can drive the future of India's electronics industry. https://www.pwc.in/viksit #PwCVIKSITFramework #ElectronicsSector #IndiaGrowth #ExportStrategy #TogetherWeFuture Sanjeev Krishan | Vivek Prasad | Arnab Basu | Mohammad Athar | Ranen Banerjee | Manpreet Singh Ahuja | Kavan Mukhtyar | Sujay Shetty | Shashi Kant Singh | Anurag Sehgal | Dr. Manoranjan Pattanayak (Manu) | Raghav Manohar Narsalay | Anurag Srivastava | Dhruv Gadh | Sonal Mishra | Rohan Shah
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India’s electronics manufacturing sector has seen tremendous growth, with 330 million mobile phones produced annually, creating 1.2 million jobs. Since the launch of the 'Make in India' initiative, the industry has expanded significantly, growing from ₹1.9 lakh crore in 2014-15 to ₹9.52 lakh crore in 2023-24, with exports increasing 77 times. Today, 99.2% of mobile phones sold in India are made domestically. The Production Linked Incentive (PLI) scheme has played a major role in this success, boosting production and attracting investments. Additionally, the India Semiconductor Mission is poised to further enhance India’s electronics sector. MyGov India Make In India MSME Business Forum India Ashwini Vaishnaw Ministry of Social Justice and Empowerment Govt. of India #MakeInIndia #Manufacturing #MobilePhone #Production #PLIScheme #DigitalIndia #SkillIndia #EconomicGrowth
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Government Development Projects I Advisor - Trustee IOED I President Europe IICCI - EU Branch | President Dept. India UCEE Brussels | Director Europe Indo American Business chamber of SME
Indian consumer electronics manufacturers are expanding their export horizons to developed markets such as the US and Europe, previously limited to neighbouring, Middle Eastern and African countries. Companies like Havells, Dixon, Voltas, and Blue Star are establishing bases for exports in these lucrative markets. Havells India, for instance, has formed a subsidiary in the US to distribute air conditioners, while Dixon Technologies plans to scale up exports of Motorola smartphones to the US. Tata-owned Voltas has secured export orders for refrigerators and dishwashers for the European market. This shift towards exporting to developed markets reflects a broader trend of reducing reliance on imports and increasing value addition in Indian manufacturing. Blue Star Ltd, for example, is focusing on designing and manufacturing products for other brands in international markets like the US and Europe. The company aims to achieve US$ 500 million in global sales within three years, signaling ambitious growth aspirations. While the contribution of exports to overall sales has been relatively stagnant in recent years for most companies, these strategic initiatives signal a determined effort to expand market reach and drive revenue growth in the competitive global electronics landscape. #india #indiabusiness #consumerelectronics #usa #eu #europeanparliament #pmoindia #pmnarendramodi #euronews
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#Indian #Consumer #Electronics Industry dynamics are shifting rapidly. The quality and affordability of consumer electronic gadgets have been key drivers of this rapid change. With the growing economy, people’s disposable income is also increasing in India, fueling consumer electronic demand. Don't miss out on this lucrative opportunity to invest in a sector that is on the rise! Let #OctagonaIndia be your expert guide on this exciting journey! With our in-depth knowledge and experience, you can confidently navigate the market and unlock this opportunity's full potential. Do write to us to know more and avail of such services at india@octagona.com #Indianmarket #BusinessinIndia #Indianmarketopportunity #Electronics #Electronicsmarket #investinIndia #USA #Italy #Europe #UK
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Ex DHL / Associate Director / Certified International Specialist / Driving Revenue growth, international operation, process and solutions / 20 years of success in sales, logistics, supply chain & Freight forwarding
🌟 Exciting news for India's electronics industry! 🇮🇳 The government plans to launch a new scheme to boost a sustainable electronics component ecosystem in the country. With over 99% of all mobile phones now being locally manufactured, the sector is thriving. 📱 Apple is joining the movement by producing its latest model in India this year. The value of electronics manufacturing has skyrocketed from $29 billion in 2013-14 to $105 billion in 2022-23, showcasing remarkable growth. 🔋 To further propel this momentum, the government is gearing up to introduce an electronics component manufacturing scheme with an estimated allocation of up to Rs 40,000 crore. Successful applicants are projected to invest around Rs 82,000 crore, with the potential to generate between Rs 1.95 lakh crore and Rs 2 lakh crore from the produced components. 🚀 The future looks bright for India's electronics industry as it continues to expand and evolve. Stay tuned for more updates on this groundbreaking initiative! 🌐 #ElectronicsManufacturing #MakeInIndia #SustainableDevelopment
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Chip Designer, Cellular pioneer, Tech Investor, Aviator, Former MP/Minister, Bharatiya Janata Party 🇮🇳
PM Narendra Modi Ji’s Govt's initiatives & policies have propelled India to become world's second-largest producer of #mobile phones in 10 years. ➡️ Mobile phone production has surged 2000% in the past 10 years. ➡️ By the end of 2024, mobile phone exports will hit close to Rs 1.2 Lakh crore — a 7500% surge. ➡️ Mobile phone manufacturing has jumped 21X to Rs 4.1 lakh crore in FY24 from Rs 18,900 crore in 2014-15. #ModiYudeGuarantee #PoliticsOfPerformance Ministry of Electronics and Information Technology Digital India Programme
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Certified Business Professional (CBP) Programme at Indian School of Business (The views/opinions mentioned here are my personal and in no way is related to the employer I am associated with)
INDIA'S HUGE IMPACT ON GLOBAL CONSUMER ELECTRONICS MARKET IS VERY BIG..... THE FUTURE OF CONSUMER ELECTRONICS MARKET IS IN INDIA India’s consumer electronics market nearing $100 billion The country’s market size for such goods may become the third-largest globally by 2024-end #consumerelectronics #market #consumerelectronicsmarket #India #China #USA #US #growth #appliance #topthree #top3 #fastestgrowing #fast MINT, SEP 03, 2024
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An Advocate, Politician and a Writer committed to inspiring meaningful change, a strong believer in Integral Humanism.
India’s mobile manufacturing industry has seen exponential growth. In 2014, there were only two mobile manufacturing units in the country, but now there are over 200 units. PM Narendra Modi highlighted that India has become a significant mobile phone exporter and is now moving toward producing entirely Made-in-India phones, from chips to finished products. This growth is part of India’s larger push to develop a thriving semiconductor ecosystem. #IndiaMobileCongress2024 Jyotiraditya M Scindia
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Digital Marketer | SEO Executive| Digital Marketer| Inbound & Outbound Marketing | Social Media Marketing | Email Marketing | Product Marketing | 6+Years of Experience in Content Writing and Digital Marketing.
1moPwC India, India’s electronics sector is on a remarkable journey, turning challenges into opportunities. Here’s how the VIKSIT framework can drive this transformation: - Growth Potential: Boosting local production can help India become a global powerhouse, just like how Silicon Valley became a tech hub. - Infrastructure: Building modern manufacturing and testing facilities is like laying down the tracks for a high-speed train—essential for a smoother, faster journey. - Knowledge: Strengthening intellectual property and local innovation will be similar to nurturing young talent in sports—developing skills that lead to major victories. - Sustainability: Creating low-emission facilities mirrors the shift toward greener practices in everyday life, ensuring a healthier future. - Inclusiveness: Integrating small businesses and upskilling workers is akin to giving everyone a chance in a team sport, boosting overall performance. - Technology: Adopting smart manufacturing is like upgrading from a basic phone to a smartphone—enabling advanced capabilities and efficiencies. By focusing on these strategies, India can accelerate its growth in the electronics sector and contribute significantly to the global market.