India's Electronics Sector to Generate 12 Million Jobs by 2027

  • Massive Job Creation: India’s electronics sector is poised to generate 12 million jobs by 2027, with 3 million in direct roles and 9 million in indirect roles. This is driven by a 25-30% compound annual growth rate (CAGR) in the sector.

  • Government Initiatives: Policies such as the Production-Linked Incentive (PLI) scheme and Employment-Linked Incentives (ELI) have laid a strong foundation, attracting over ₹1.97 lakh crore in investments across electronics manufacturing. These initiatives aim to make India a $500 billion electronics hub by 2030.

  • Demand Surge: Rising needs for semiconductors, drones, electric vehicles, IT hardware, and consumer electronics have created immense opportunities for manufacturing. Domestic production touched $101 billion in FY23, with significant contributions from mobile phones, consumer electronics, and industrial electronics.

  • Skill Gaps: A shortage of 10 million skilled workers highlights the urgent need for industry-academia collaboration and robust apprenticeship programs to meet workforce demands. The apprenticeship system, growing at a 55% CAGR, is expected to double its capacity by 2027.

  • Future Outlook: India is emerging as a global R&D hub and startup powerhouse, with government policies fueling innovation and employment growth in high-tech areas like solar panels and aerospace electronics.

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