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Esdm

IESA launches new report on semiconductor and ESDM policies in India

IESA's latest report compares and contrasts the various policies and incentives offered by different states, and provides insights and recommendations for the stakeholders

IESA launches new report on semiconductor and ESDM policies in India
Updated On : 24 Jan 2024 | 8:16 PM IST

Electronics industry estimated to grow at a CAGR of up to 23%

: India's ESDM (Electronic System Design and Manufacturing) industry is forecasted to grow at a Compound Annual Growth Rate of 16-23 per cent to reach USD 171-228 billion by 2020,a industry specific report today said. "In 2015, India's ESDM industry is sized at USD 82 billion, growing at a CAGR of eight per cent from 2013. By 2016-17 the sector will become a USD 100+ billion opportunity and is forecasted to grow further at a CAGR of 16- 23 per cent to reach USD 171-228 billion by 2020," the report said. It said that apart from sector specific drivers, the forecasts are based on several parameters such as overall GDP growth of India, currency movement, inflation, existing trade agreements, consumer sentiments, potential government consumption, existing government policies, investments, manufacturing entities, and type of value addition in India. The Indian ESDM Industry Update, an India Electronics and Semiconductor Association (IESA)- Ernst&Young (EY) report was ...

Electronics industry estimated to grow at a CAGR of up to 23%
Updated On : 21 Feb 2017 | 9:17 PM IST