India aims to achieve electronics manufacturing worth $300 billion by FY26 as the country aspires to become a $1 trillion economy by 2025. As per Economic Survey 2022-23, the domestic electronics industry was valued at $118 billion as of FY20, and the industry continues its growth path, led by mobile phones and consumer electronics.
Minister of State for Electronics and IT Rajeev Chandrashekhar said on Friday the target of the Narendra Modi Government is to increase electronics manufacturing capability to Rs 24 lakh crore by 2025-26, which will also help create over 10 lakh jobs. He claimed that young Indians are involved in over 90,000 companies, including 110 unicorns. According to the minister, at least 15 lacks young Indians from Karnataka will receive training in future-ready skills pertinent to the industry.
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