Electronics & Electrical Industry in India

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Statistics, news & updates: everything you need to know about the Electronics & Electrical Industry in India

Indian Electronics Industry Growth at a healthy pace in Consumer Electronics-M+V Altios

Growth Drivers​

  • The market is expected to witness 2.3xdemand of its current size (FY19) to reach US$ 160 billion by FY25.​

  • In 2021-22, the total budget allocation towards the ‘Digital India’ program is US$ 936.19 million. ​

  • As per Union Budget 2021-22, the Ministry of Electronics and Information Technology(MeitY) has been allocated US$ 1.33 billion.​

Sub industries​

  • Electrical Equipment & Components

  • Electronic Components Semiconductors& PCBs

  • Electronic Equipment & Measurement Instruments​

  • Motors, Generators & Transformers

  • Telecommunication equipment &components​

  • Hardware, Storage & Peripherals​


  • Indian Electrical Equipment Industry Mission Plan (2012-22), aims to make India as a preferred destination for production of electrical equipment. It also aims to achieve an output of USD 100 Bn by balancing the trade deficit in the sector.​

  • Market-oriented reforms, such as the target of ‘Power for All’ plans to add 93 GW by 2022 is expected to generate huge demand for power transmission & distribution equipment.

  • Incentives for capacity addition in power generation will further increase the demand for electrical machinery.​

  • India is home to considerable talent for electronic chip design, embedded software and has strong design and R&D capabilities.​


  • Shortage of skilled resources in the Indian electronics industry.

  • Infrastructure-related challenges such as irregular power supply, inconsistent water supply, and inefficient logistics result in delays.​

  • The cost of manufacturing is high as basic raw materials have to be imported coupled with high import and customs duties, thus making profit margins slimmer

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  • The industry in value terms is expected to record a CAGR of 16.6% to reach $ 540 bn by 2025.​

  • India’s exports of electronic goods were valued at US$ 11.7 billion in FY21.​

  • The consumer electronics and appliances industry in India is expected to become the fifth-largest in the world by 2025.​

  • Electrical equipment market production is estimated to touch USD 100 Bn by 2022. ​

  • The sector contributes about 8% to the manufacturing sector in terms of value, and 1.5% to overall GDP.​

  • India’s digital base is the second largest in the world and is growing at the second-fastest rate among the 17 leading economies.​


Electronics and Electricals

Key Investment Opportunities


  • Generation Equipment: Boilers, Turbines, Generators

  • Transmission Equipment: Transformers

  • Distribution Equipment: Switch Gears, Controls

  • Others: Electrical Motors, Wires and Cables​


  • Mobile phone manufacturing​

  • Semi-conductor wafer fabrication manufacturing ​

  • Wearable devices manufacturing​

  • Solar cells and modules manufacturing

  • Research, innovation and skill development support in emerging technology areas such as Augmented Reality (AR), Virtual Reality (VR), drones, robotics, additive manufacturing, etc.

  • LED and Liquid Crystal Display (LCD) manufacturing​

COVID Impact​

How has COVID affected the industry?

  • The electronics industry in India has suffered challenges on both supply and demand-side because of the pandemic which made its sales declined to 6-7% in 2019-20.​

  • The spread of coronavirus pushed down the sales of top electronic companies and smartphone makers which have major supplies to India.​

  • An estimated job loss in the sector was about 3.45 lakh.​

Key Players in India


  • Bharat Electronics ​

  • Crompton Greaves ​

  • Bajaj Electricals ​

  • Wipro Lighting​

  • Videocon ​

  • Sterlite Technologies ​

  • Centum Electronics ​



  • Nokia ​

  • LG​

  • Samsung​

  • Microsoft​

  • Siemens​

  • Bosch​

  • Flextronics

  • Schneider ​

  • Kelvin Electrical

  • Jabil Circuits

  • Texas

  • Instruments ​


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Map- Industry Clusters - Electronics
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