Paper Title :Indian Electronics Industry -A Persuasive Growth Engine Behind The Soaring Economy Of India

Author :Pratik Avinash Joshi

Article Citation :Pratik Avinash Joshi , (2015 ) " Indian Electronics Industry -A Persuasive Growth Engine Behind The Soaring Economy Of India " , International Journal of Electrical, Electronics and Data Communication (IJEEDC) , pp. 1-5, Special Issue-1

Abstract : Electronics, a USD 1.75 trillion industry, is one of the largest and fastest growing industries in the world. Indian Electronics Industry can become one of the top performing industries based on its huge potential and big aims towards delivering higher performances.Presently, the size of Indian Electronics Industry is about USD 84 bn (Rs. 5,04,000 Cr) and is likely to reach USD 94.2 bn (Rs. 5,65,000 Cr) in 2015 with expected growth rate of 9.9% which is more than twice the growth rate of global electronics market.Currently, Indian Electronics Industry fulfils its 65% of demand from imports and only 35% demand is catered by local market. The demand for electronics hardware and goods is expected to reach up to approx.USD 400 bn (approx. Rs. 24,00,000 Cr) by the year 2020. But, electronics hardware production in the country is projected to reach to USD 104 bn by the year 2020, creating a massive gap of USD 296 bn (approx. Rs. 17,76,000 Cr) between supply and demand. To cope up with the potential electronics crisis, government of India is constantly modernizing and upgrading certain policies which include various policies like National Policy on Electronics (NPE), Electronics Development Fund, ‘Digital India’, ‘Make in India’ ‘Made in India, Made for World’, etc massive employment initiatives for 2.8 Cr workforce to boost Indian electronics industry, under NPE over the period of next 8 years, etc. This research paper takes an overview of Indian electronics industry and the outcome of this research should be useful for business organizations, industry and government institutions operating in Indian electronics industry. Keywords: Electronics Industry, Hardware Production, Supply and demand, Imports, Policies

Type : Research paper

Published : Special Issue-1

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