NITI Aayog Targets $500 Billion in Electronics Manufacturing by 2030

NITI Aayog's recent report emphasizes India's goal of achieving $500 billion in electronics manufacturing by 2030, potentially generating 6 million jobs. Strategies include increasing domestic production and exports, diversifying into emerging technologies, and bolstering infrastructure and R&D to integrate into the global value chain.

India should target $500 billion in electronics manufacturing by 2030, according to a NITI Aayog report released on Thursday. Achieving this could create employment for around 6 million people.

In the report titled 'Electronics: Powering India's Participation in Global Value Chains,' NITI Aayog outlined an ambitious plan comprising $350 billion from finished goods and $150 billion from components manufacturing.

As of FY23, India's electronics production stands at $101 billion, dominated by mobile phones constituting 43% of total output. The report projects electronics exports to reach $240 billion and domestic value addition to exceed 35% by FY30.

(With inputs from agencies.)