Economic Times: Electronics industry to grow to $112-130 billion by 2018

With the electronics sector expected to grow rapidly in the coming years, avenues will open for manufacturers to invest in the Indian market.

The Indian electronics and hardware industry is expected to grow at a compound annual growth rate (CAGR) of 13-16 percent to reach $112-130 billion by 2018 from the current level of $75 billion, a study has said.

The CAGR of 13-16 percent during 2013-18 is expected to be on the back of rising demand, growing disposable incomes, declining prices of electronics, wider broadband connectivity and e-governance programmes, said the study, ‘Turning the Make in India dream into a reality for electronics and hardware industry’, conducted by Assocham and Ernst and Young (EY).

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