India needs to shift its focus towards manufacturing if it wishes to establish itself as the centre of electronics in the APAC region. With NPE 2.0 right around the corner, a lot of it rests on some solid policymaking from the government at the helm of things.
India overtook France in terms of gross GDP and if it keeps going at the same pace, it wouldn’t be long before it overtakes the very nation that ruled over it only about 70 years ago. India is poised to be among the top three economic powerhouses in the next two decades.
The US and China have long dictated the technology game in the world. However, recent rifts between the two nations have left inroads for India to thrust itself as a major electronics’ powerhouse. Can India decide the diktat?
A lot rests on the success of Make in India. We as a nation have lacked innovations in the field of electronics and technology. If that is to change, the Make in India initiative has to be a mammoth success.
Electronics manufacturing industry is one of the largest and fastest growing industries in the world with a size of USD 1.75 Trillion. It is expected to reach USD 2.4 Trillion by 2020. To address the gap between supply and demand GOI has set a vision to transform India into a global hub for ESDM.