Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Indian Electronics Sector to Double Its Contribution to GDP

The electronics sector in India is expected to nearly double its contribution to the gross domestic product (GDP) as the government has been increasing its focus on the domestic manufacturing of electronics components, according to a recent news report. The Indian electronics market is considered one of the largest in the world and is expected to hit US$400 billion by 2025.

Industry experts estimate that with series of government interventions like the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and the Production Linked Incentive (PLI) scheme, India is set to become the global hub for electronic products. Further, with an economy of this size, the country needs to have its own component manufacturing and echo system. Currently, the sector today contributes 3.4% to GDP and is expected to contribute 6.4% in the next few years, a representative from the India Electronics and Semiconductor Association (IESA) explained.

IESA is the key industry body representing the electronics systems design and manufacturing (ESDM) and intelligent electronics industry in India. Through its deep connection with its member companies, IESA aims to grow the ESDM and electronics business segment in the country while making it the preferred destination for electronics and semiconductor design and manufacturing. Over the last few years, the government has come out with a number of policies towards subsidising and incentivising the manufacture of critical electronics. Currently, the electronics import bill for India is the second-highest after petroleum and petroleum products.

The government has released a number of policies towards significantly increasing India’s domestic electronics manufacturing and is continually improving on these policies. These policies include the National Policy on Electronics (NPE), which aims to make India a global ESDM hub, and PLI and SPECS, which incentivise the domestic manufacturing of electronics. The ESDM sector is a crucial part of the government’s goal of generating US$1 trillion of economic value from the digital economy by 2025. Smartphone shipments in India reached 150 million units and 5G smartphone shipments crossed four million in 2020.

As per data available from Invest India, the agency responsible for investment promotion in India, electronic component production has risen by as much as US$4 billion from 2014 to 2018. While the global market for electronic components is expected to reach US$191.8 billion by 2022, India’s share in global electronics manufacturing has grown from 1.3% in 2012 to 3.6% in 2019. Growth in the Indian electronic components market is driven by the rising domestic demand and a growing electronics ecosystem coupled with government flagship initiatives like ‘Make in India’ and ‘Digital India’. This has resulted in the Indian Electronic Components Market increasing from US$11 billion in the financial year 2009-10 to US$20.8 billion in the financial year 2018-19, showing an annual growth rate of around 7%. The government aims for the country to be among the top three countries in the ESDM consumption and the top five countries in electronics production.


Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.


CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.


Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit


SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.


HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 


IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.