India aims for USD 500 billion in electronics production by FY31. Electronic component production is projected to reach USD 150 billion, a significant increase. Mobile phone manufacturing will also grow substantially, reaching USD 159 billion by FY31. Other categories like consumer electronics and IT hardware will see considerable expansion. This growth signifies India's expanding electronics manufacturing capabilities across diverse products.

India's semiconductor market is projected to reach USD 155 billion by CY31, implying a compound annual growth rate (CAGR) of 20 per cent and taking the country's share of global…

India's semiconductor market is set to reach $155 billion by 2031, driven by demand, government support, and manufacturing growth.