India's Electronics Sector Projected to Reach $282 Billion by 2030, Says PwC.

India's electronics manufacturing sector is on track for substantial growth, with PwC conservatively estimating its size to reach $282 billion by 2030. This projection, while more conservative than the Indian government's ambitious $500 billion target, still represents a significant leap for the industry.

According to PwC, the mobiles and wearables segment will be a primary catalyst for this expansion, alone accounting for an estimated $160 billion of the total value.

PwC characterizes India as "a melting point of a lot of investments" due to its horizontal approach that benefits numerous industries. The firm's report indicates that the sector's growth could range between $282 billion and $418 billion, contingent on whether central and state governments successfully deliver on critical infrastructure and other projected developments.

Sujay Shetty, Executive Director – ESDM and Semiconductors, PwC India, highlighted the impressive growth trajectory. "Even if it’s not $500 billion, 2.8 times of growth in six years is also quite something," Shetty stated. He noted a "tremendous amount of interest" from infrastructure developers, data centers, and electronics component manufacturers, signaling robust investment activity. Shetty also cautioned in a presentation that potential sluggish capital expenditure increases in other sectors could temper overall growth.

This outlook from PwC underscores the strong potential within India's electronics manufacturing landscape, driven by key segments and sustained investment interest.