Thursday, June 19, 2014: Most of India’s electronics requirements are served by imports. This does not bode well for the economic health of the country in the long term. Electronics imports, which currently ranks No 3 among India’s imports, next only to crude oil and gold, accounted for nearly $30 billion in 2012, and is expected to scale past $50 billion in just three years. From a detailed assessment of the electronics market, the total market (TM) was estimated to be worth $44.81 billion in 2012, representing a growth of 7 per cent over the previous year. The TM is expected to grow at a CAGR of 11.5 per cent and reach revenues of $64.85 billion by 2015. Total domestic market (TDM) for 2012 was estimated to be $17.07 billion,representing a growth of 11 per cent over 2010. Growing at a CAGR of 10.4 per cent, the TDM is expected to scale to $22.66 billion by 2015.
Electronics Bazaar, South Asia’s No.1 Electronics B2B magazine
