The fast-growing electronics market in India is backed by rapid urbanization and increased incomes. Digitization has led to increased demand for high-end technology devices, escalating the consumption of electronic devices. Furthermore, technology transitions such as the rollout of 4G/ LTE networks and IoT are driving accelerated adoption of electronics products. Initiatives such as ‘Digital India’ and ‘Smart City’ projects have raised the demand for IoT in the market. Similarly, the digital banking sector like wallet players and payment banks will raise demand for POS and VSAT-enabled mobile ATMs, which will further give a fillip to the growing industry.
The electronics manufacturing sector has tremendous growth potential which is still yet to be explored. FDI in electronics in India will result in better technology, increase cash flow and other resources that will help discover this potential to the fullest.
100% FDI in electronic systems sector is allowed under the automatic route.
In case of electronics items for defence, FDI equity inflows in electronics sector up to 49% is allowed under automatic route and beyond 49% through the government approval.
Mobile manufacturing growth(annual)
Domestic manufacturing growth(annual)
Hardware market growth(annual)
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Indian IoT market to reach $9 bn by 2020
Fastest growing smartphone market in Asia Pacific
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