India’s electronics sector has emerged as a crucial driver of the country’s integration into global value chains (GVCs) in the recent years. The expansion of this sector is reflective of India’s strategic efforts to deepen its involvement in the global economic framework.
Historically, the foundation of economic expansion and world domination has been manufacturing. With China leading the way with 28.4% of global manufacturing output, followed by the USA, Japan, Germany, and India, the global manufacturing value addition reached more than USD 16 trillion in 2022.
This increased demand has also led a lot of Indian companies to become active in the Indian market and overseas companies to invest in the consumer electronics manufacturing sector. This growth of the Indian electronics manufacturing sector is thanks to the increased outsourcing of manufacturing by OEMs from across the globe. Samsung set the ball rolling back in 2018, as they inaugurated the world’s largest mobile factory in India. Since then, Apple has followed suit, and there are brands across the spectrum flocking to India.
Multiple brands, including Indian manufacturers, have made the push ever since to add to the growth of India’s consumer electronics manufacturing landscape. We have seen the rise of brands like boAt, Boult, Mivi, and the like, who have ensured that their Made in India products have hit the shelves and are providing Indian consumers with value-for-money tech that is made in their own backyard.
