Showing posts from October, 2023

Electronics industry growth in India

Atmanirbhar Bharat, which translates to Self-Reliant India, is a vision put forth by our beloved Prime Minister, Narendra Modi during the coronavirus pandemic. He emphasized that the current state of the world has made us realize that self-sufficiency is the only path to development. The concept of Atmanirbhar Bharat aims to ensure that the 21st century belongs to India.  The electronics industry in India has been steadily witnessing a steep growth in the recent past , thanks to the government policies and  Atmanirbhar Bharat initiative , rising domestic demand, and increasing exports. According to a report by India Brand Equity Foundation (IBEF), the electronics market in India is expected to reach $400 billion by 2025, making it the third largest in the world.  Several key factors  driving the growth of the electronics industry in India are: The National Policy on Electronics 2019 (NPE 2019), which aims to promote domestic manufacturing and export of electronics, create a conducive e