GDP contribution of domestic electronics component manufacturing to double soon

New Delhi: With the increasing focus of the government on domestic manufacturing of electronics components in the country, the electronics sector will see its contribution to GDP almost double in the next few years, industry experts estimate.

“With series of Govt interventions like PMP, SPECS and PLI, India is set to become the global hub for electronic products and with the economy of this size it is important for our country to have its own component manufacturing and echo system. This sector today contributes 3.4 per cent to GDP and is expected to contribute 6.4 per cent in next few years,” Rajeev Khushu, Chairman, India Electronics and Semiconductor Association (IESA) said.