When global supply chains realign, India becomes the manufacturing powerhouse the world needs! At GIA, we see this PwC report as validation of India’s transformation into a critical node in the global electronics value chain.
What is the news?
- A new PwC report reveals India is witnessing strong exponential growth in electronics manufacturing amid global supply chain realignment, wherein India aims to reach USD 500 Bn of domestic prediction and may reach USD 282 Bn conservatively by 2030.
- The mobile and wearables segment alone is projected to grow to USD 159 billion by FY2030, while the electronics market could touch USD 32 billion in the same period.
Why is it interesting?
- This represents the classic “India opportunity” story: leveraging global disruption to become an indispensable manufacturing hub. With India already being the world’s second-largest smartphone market and data traffic growing 60x in five years, the infrastructure demand is creating a perfect storm for electronics manufacturing growth.
- The telecom revolution (65% of data revenue expected from 5G by 2026) and emerging sectors like EV chargers and smart industrial automation are creating new manufacturing categories. This isn’t just about serving domestic demand; it’s about India becoming the go-to destination for global electronics companies looking to diversify their supply chains away from single-country dependencies.
Read more: India emerging as key destination, amid supply chain shift of global electronic sector: Report