New Delhi, Nov 20 (NationPress) The electronics sector in India is poised to achieve an impressive $500 billion in production and exports by 2030. This potential is being fueled by the country's growing global presence, bolstered by new free trade agreements (FTAs), reforms aimed at attracting investors, and a significant shift towards a manufacturing-driven economy.

As reported by various industry associations, India is strategically positioning itself for greater integration into global value chains, with companies increasing investments and diversifying their supply chains.

This optimistic outlook is occurring at a time when India has already experienced a substantial transformation over the last decade.

Once heavily reliant on imported electronics, the nation has now established itself as a significant center for electronics and mobile manufacturing.

In parallel, the Indian government is collaborating with smartphone manufacturers to refine the next phase of the Production-Linked Incentive (PLI) scheme. The objective is to elevate the proportion of domestically produced components in smartphones and critical electronics to 35–40 percent within the next few years.

The government has noted that 24 electronics component projects approved under the current scheme, along with anticipated investments through ECMS 2.0, will play a crucial role in enhancing domestic value addition.

Industry leaders emphasize that this momentum is supported by stable policy frameworks, enhanced infrastructure, and the increasing inclination of global brands to manufacture in India.

They assert that the current trajectory of the sector indicates long-term robustness rather than merely temporary growth.

Government-led initiatives, including the Production Linked Incentive (PLI) scheme, the National Policy on Electronics (NPE) 2019, and the Electronics Components Manufacturing Scheme (ECMS), have attracted significant international players and stimulated domestic innovation.

Over the last decade, the electronics industry has contributed to the creation of nearly 2.5 million jobs, underscoring its vital role in India's economic inclusion.

Mobile phones have been pivotal in this growth narrative. Currently, more than 85 percent of Indian households own a smartphone, significantly driving the expansion of the digital economy.

Cost-effective handsets, affordable data, and enhanced digital infrastructure have facilitated the reach of platforms like UPI, DigiLocker, and Aadhaar-based services to even the most remote areas of the country.

India's rise in mobile manufacturing is particularly noteworthy, with the value of mobile production soaring from $2 billion in 2014–15 to an expected $62 billion by 2024–25, positioning India as the world's second-largest mobile manufacturer.