'13-16 CAGR for Electronics Sector'

Indian electronics and hardware industry is expected to grow at a compounded rate of 13-16 pc by 2018.

Published: 08th April 2016 03:55 AM  |   Last Updated: 08th April 2016 03:55 AM   |  A+A-

NEW DELHI: The Indian electronics and hardware industry is expected to grow at a compounded rate of 13-16 per cent to touch $112-130 billion by 2018, but imports will continue to dominate the market, says a study.        

“However, given the local manufacturing state, the dependence on imports is likely to remain similar,” according to the study by Assocham and consultancy firm EY released on Thursday.

The Indian electronics and hardware market is currently being driven by mobile phones and consumer electronics, which together contributed nearly 45 per cent of the overall electronics products revenues in 2015.

The electronics exports are expected to grow with global companies planning manufacturing in India. Around 50–60 per cent of the demand for electronic products and the demand for nearly 70–80 per cent of the electronic components are imported.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp