Indian ESDM industry projected to surpass Rs 9 lakh crore by FY28

Electronics Manufacturing in India Gears Up for Massive Expansion

India's electronics system design and manufacturing (ESDM) industry is projected to grow at a CAGR of 34% from FY23 to FY28E. The growth is driven by increasing outsourcing of manufacturing by OEMs to ESDM providers and government initiatives like the PLI scheme. Dec 10, 2024