ICICI Direct forecasts India's electronics manufacturing sector to double to $250bn by FY30, driven by government targets and PLI schemes.

ICICI Direct predicts India's electronics manufacturing sector will double to $250bn in the next five years, driven by government targets of $100bn in electronics exports by FY30. Key growth drivers for EMS companies include strong demand from sectors like EVs, aerospace, railways, and consumer durables, supported by PLI schemes and tax incentives. Waste Management sector also records strong volume growth due to formal and organized recycling.

August 19, 2024
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