Sector Snapshot · IT-Hardware

India's Electronics Manufacturing Base Scales Toward US$500 Billion

A fast-read primer on India's electronics system design & manufacturing (ESDM) sector — the backdrop against which we benchmark every company's cost structure in this category.

US$106.35 bn

ESDM industry size by FY28

US$500 bn

Electronics manufacturing output target by FY30

US$47.96 bn

Electronics exports, FY26 (India's 2nd-largest export segment)

12 mn

Jobs to be created by FY27

100%

FDI allowed under automatic route

The Electronics Market Has Scaled Nearly 4x in a Decade

Both the ESDM segment and the broader electronics market have grown consistently, with more to come.

ESDM Market (US$ billion)

FY16 → FY19 → FY25

$59bn

FY16

$90bn

FY19

$220bn

FY25

Electronics Market (US$ billion)

FY16 → FY19 → FY25

$145bn

FY16

$215bn

FY19

$540bn

FY25

What's Pushing the Sector Forward

Robust demand, attractive new investment schemes, and strong policy support define the sector.

Robust Demand

India is now the world's 2nd-largest mobile phone manufacturer
Electronics manufacturing set to grow 15% in FY25 to $135-140bn

Attractive Opportunities

ECMS outlay raised to Rs40,000cr
India Semiconductor Mission 2.0 launched

Policy Support

100% FDI allowed under the automatic route

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ Electronics became India's second-largest export segment in FY26, reaching a record US$47.96bn, up 24% YoY.
→ India Semiconductor Mission 2.0 was launched with a Rs8,000 crore outlay for FY27.
→ Three semiconductor plants are under construction with a combined investment exceeding Rs1.25 lakh crore.
→ The Large-Scale Electronics Manufacturing scheme has attracted Rs15,172 crore in investment, generating 1,71,448 jobs.
→ Tata Electronics signed an MoU with Intel to explore semiconductor manufacturing and packaging in India.
→ The Electronics Components Manufacturing Scheme has attracted Rs1,15,000 crore in investment, nearly double its target.

Companies We Benchmark in This Sector

Listed Indian IT-Hardware companies in tDoBe's cost-benchmarking coverage.

GNG Electronics

Rashi Peripherals

Moschip Technologies

NELCO

D-Link India

Control Print

TVS Electronics

Bharat Global

DC Infotech

BCC Fuba India

HCL Infosystems

EPW India

Smartlink Holdings

Esconet

Aztec Fluids

Richa Info

Roganto Enterprises

Marushka Technologies

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

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