India’s Electronic Manufacturing to Reach $500 Billion by 2030: CII Report

A CII report projects India's electronic manufacturing industry will hit $500 billion by 2030, with component demand soaring from $45.5 billion in 2023 to $240 billion. Priority components like PCBAs are expected to grow at a 30% CAGR, reaching $139 billion. The report urges government actions such as introducing SPECS 2.0, rationalizing import tariffs, and signing FTAs with European and African nations. Addressing these measures could create 2.8 lakh