The electronics industry has an ambitious goal of achieving $500 billion in manufacturing output by 2030. To meet this target, the sector will have to grow fivefold over the next five years, bridging a $400 billion productivity gap. Currently, the domestic output is $101 billion, with mobile phones accounting for 43 percent, followed by consumer and industrial electronics accounting for 12 percent, and electronic components accounting for 11 percent.
Additionally, emerging segments such as auto electronics (8 percent), LED lighting (3 percent), wearables and hearing aids (1 percent), and PCBAs (1 percent) have substantial growth potential, the report said. Present. “India’s electronics sector, valued at $101 billion, is rapidly positioning itself as a global electronics hub, accounting for 3.3 percent of global manufacturing and fiscal 23 contributing 5.3 percent to India’s total merchandise exports.” Apprenticeship.
Despite its modest 4 percent participation in global value chains, the sector has enormous potential to grow beyond final assembly to include design and component manufacturing. “As opportunities and job creation increase, a multi-pronged approach becomes necessary, with a strong focus on apprenticeships, reskilling, and upskilling to develop a future-ready workforce. Yes,” said Kumar.
Additionally, capacity building is critical, especially given that ITIs currently operate at only 51 percent enrollment. Employers and industries can bolster this effort by establishing in-house training centers and collaborating with academia through work-integrated learning programs (WILP) and degree apprenticeships, the report said.
According to AR Ramesh, CEO of Team Lease Degree Apprenticeship, India’s electronics sector has seen significant growth through initiatives like ‘Make in India’, ‘National Electronics Policy’, PLI schemes, and ‘Digital India’. is