India’s electronics industry is poised for exponential growth, aiming to achieve USD 500 billion in manufacturing output by 2030, a fivefold increase from its current USD 101 billion, according to a TeamLease report. Achieving this ambitious target will require addressing a USD 400 billion production gap while creating 12 million jobs by 2027.
Key Highlights:
- Current Production Breakdown:
- Mobile Phones: 43% of output
- Consumer & Industrial Electronics: 12% each
- Electronic Components: 11%
- Emerging Segments: Auto electronics (8%), LED lighting (3%), wearables/hearables (1%), PCBAs (1%)
- Employment Projections (by 2027):
- 3 million direct jobs: 1 million engineers, 2 million ITI-certified professionals, and 200,000 AI/ML and data science specialists.
- 9 million indirect roles across non-technical fields.
- Challenges:
- Talent shortage, especially in semiconductors, electromechanical parts, and active/passive components.
- Proposed Solutions:
- Skilling programs tailored to industry needs.
- Industry-academia partnerships via Work-Integrated Learning Programs (WILP).
- Scaling apprenticeship enrollments to 2 million by 2027.
- In-house training centers and reskilling/upskilling initiatives for 50% of the workforce.
With targeted investments in skilling, infrastructure, and policy support, India is positioned to strengthen its global electronics manufacturing leadership.
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