The Electronics System Design and Manufacturing (ESDM) industry is the fastest-growing industry in the world, and it continues to transform lives, businesses, and economies across the globe. India is expected to become a $1 trillion digital economy by the fiscal year 2026. Currently, the electronics market in India is valued at $155 billion, with 65% of the production being domestic.
The adoption of electronics products is being accelerated by technology transitions such as the rollout of 5G networks and IoT. Initiatives like the ‘Digital India’ and ‘Smart City’ projects have raised the demand for IoT in the electronics devices market and will undoubtedly bring about a new era for electronic products.
- India’s domestic production has increased at a CAGR of 13% from $49 Bn in FY17 to $101 Bn in FY23.
- The country’s electronics export is expected to reach $120 Bn by FY26.
- During Apr-Nov 2023, electronic goods exports were recorded at $17.74 Bn as compared to $14.36 Bn during Apr-Nov 2022, registering a growth of 23.56%.
- India ranks 60 in Network Readiness Index 2023, a jump of 7 ranks from 67 in 2021.
- There has been a 96% reduction in data cost from INR 269 per GB in 2014 to INR 10.1 per GB in 2023.
India allows 100% FDI under the automatic route. However, in the case of defence electronics, FDI up to 49% is allowed through the automatic route, and beyond 49% requires government approval.
List of Top 7 Electronic Goods in India (BSE) based on Net Sales.
| Company Name | Net Sales (Rs. cr) |
| Dixon Technolog | 6,997.40 |
| Honeywell Autom | 3,447.59 |
| EPack Durables | 1,519.76 |
| Mirc Electronic | 1,110.23 |
| Wonder Elect. | 402.52 |
| Salora Inter | 116.06 |
| CWD | 22.72 |
Source: BSE, India, last updated 26 February, 2024
This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:
Reference:
1. Dixit, Neeraj, and Deepali Bhatnagar. “An Investigation into the impact of Product Differentiation Marketing Strategies on Consumer Decision-Making in the Consumer Durable electronic Goods industry.” Journal of Informatics Education and Research 3.2 (2023).
2. Roy Chowdhury, Sahana, and Siddhartha Rastogi. “Is ‘Make in India’A Success? A Review from the Electronics Sector in India.” Trade, Investment and Economic Growth: Issues for India and Emerging Economies (2021): 311-340.
3. Rangaswamy, Saravanan, et al. “Evaluation of digital marketing performance in electronic goods industry: an empirical study.” Journal of Liberty and International Affairs 7 (2021): 65-80.
4. Dixit, Neeraj, and Deepali Bhatnagar. “An Investigation into the impact of Product Differentiation Marketing Strategies on Consumer Decision-Making in the Consumer Durable electronic Goods industry.” Journal of Informatics Education and Research 3.2 (2023).
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