New Delhi, June 8: India’s electronics manufacturing services (EMS) market is projected to grow rapidly and could reach $150 billion by FY30, according to a recent report.
The growth is being driven by rising global demand for electronics, supply chain diversification, and India’s strengthening role as a manufacturing hub. Increasing domestic consumption of smartphones, consumer electronics, and industrial devices is also supporting the expansion.
Industry experts say policy support, infrastructure development, and incentives for local production are helping India emerge as a key player in the global electronics value chain.
The report highlights that continued investment and supply chain improvements will be crucial to sustaining this strong growth trajectory.