India's Presence in Global Electronics Manufacturing
In recent years, India has made significant strides in the global electronics value chains and innovation, and focused on export-led electronics manufacturing. This shift has attracted both global and Indian electronic brands to set up manufacturing bases in India.
- The above observations were made by a former Union Minister of State for IT during a special address at Times Network Digit Zero1 Awards 2024.
Key Developments in Electronics Manufacturing
- Strategic Policy Shift: A decade ago, Indian electronics were primarily designed elsewhere and manufactured in China. Today, both the design and manufacturing processes are increasingly conducted within India.
- Government's Role: The transformation was facilitated by a policy change from an import substitution framework to an export-led electronics manufacturing and design framework.
Emerging Trends
- Digitisation: The continued integration of digital technology across multiple sectors.
- Expansion in Global Value Chains: India is playing a larger role in global electronics value chains, especially post-Covid.
- Rise of AI and Edge AI: Highly intelligent digital products are emerging, driven by advancements in AI and new chip architectures.