India’s The Future Of Electronics Manufacturing -: India has the world’s second largest population and one of the fastest growing economies in the world.
India has a promising future, given the unprecedented growth in economy and its clout in the global issues. India is now riding on the wave of a gigantic boom in technology driven new economy. Many developed countries of the world are seeking to work with Indian companies. As the world is transforming towards knowledge society, India too is moving proportionately competing with the world. With the increase of Internet users and the advancement of information and communication technology in India had boasted the development in global economic society. India’s electronics manufacturing sector is booming as a super power. In the last few years India has made rapid strides in the electronics sector especially in the Automation/Defense/Consumer Electronics services.Chain of programs like Digital India and Make In India has tremendously helped the electronics industry to grow.
Conclusion
India is a perfect solution for all those companies, which seek for quality product which is cost efficient made by technically skilled labor who have innovative minds and state of art to work over a project. The ample of facilities provide in a perfect working conditions. For rest, laws are there to monitor and safeguard everyone’s interest related to Intellectual Property.
All these reasons contribute for India to be as the most adored destination to many companies. . So we can conclude:
- India poised for an explosive growth in ICT
- India emerging as a global R&D Hub
- From brain drain to brain gain
- Millions of jobs will be created in ICT & other emerging technology areas
- Quality issues will have to be addressed
- Private Sector world class institutions will emerge with global collaborations
- India has already started reclaiming its ancient heritage of the world’s most advanced knowledge-based civilization called “Bharat”.
In the coming years, this market is expected to witness robust growth. The demand for a electronic related product is expected to rise across several domains such as automotive, electronics and industrial among others in the coming years. Moreover, ongoing research and development and new product launches are also expected to positively drive the growth of the Indian electronics manufacturing industry. Taking into account the driving factors this industry is expected to see robust growth in the next decade.
