The Indian government has introduced a series of policy schemes to promote the electronics manufacturing sector in India, which includes the Production Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronics Manufacturing Clusters Scheme (EMC 2.0), and the Production Linked Incentive Scheme (PLI) for IT Hardware. With great state support, the long-term potential for the electronics industry is optimistic, especially when combined with the relatively low penetration of many electronics products in the country and a generally positive economic outlook.
Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026
(in billion U.S. dollars)
Characteristic
Mobile phones
Tablets and PCs
Smart TVs, audio devices, etc.
Consumer appliances
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ICEA. (October 9, 2020). Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/
ICEA. "Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026 (in billion U.S. dollars)." Chart. October 9, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/
ICEA. (2020). Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/
ICEA. "Market Size of Key Electronic Products in India in Financial Year 2019 and 2020, with Estimates up to Financial Year 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 9 Oct 2020, https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/
ICEA, Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/ (last visited August 24, 2024)
Market size of key electronic products in India in financial year 2019 and 2020, with estimates up to financial year 2026 (in billion U.S. dollars) [Graph], ICEA, October 9, 2020. [Online]. Available: https://www.statista.com/statistics/1202662/india-market-size-of-key-electronic-products/