Electronics manufacturing sector to be worth $115 billion in 2024

India’s electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products.

The production of mobile phones, the poster boy of the country’s electronics manufacturing, is expected to surpass USD 50 billion by March 2024 from around USD 42 billion in the previous financial year.

Google’s Pixel smartphone production in India from the first quarter of 2024 will complete the manufacturing presence of all global majors in the country.