Imports may fulfil 75% of electronic goods demand in India by 2020: Study

Domestic manufacturers will be unable to fulfil the growing demand for electronic goods in the country, with imports accounting for as high as 75 percent of the market by 2020. The demand of electronic products in India is expected to grow at a CAGR (compound annual growth rate) of 41 percent during 2017-2020 to reach $ 400 billion by 2020, the domestic production, which is currently growing at a CAGR of 27 percent, may touch $ 104 billion leaving a huge gap for import to the extent of $ 300 billion, according to the joint study brought out by Assocham