Electronics market totouch $75 bn in India by 2017

Country's electronic products industry is expected to reach $75 billion by 2017 from $61.8 billion in 2015 with rise in penetration across consumer products, especially in semi-urban and rural markets, says a report. 

The study undertaken by Assocham and EY India noted that the government's push for infrastructure development, locomotive and energy, poses a significant opportunity for rapid expansion of the domestic electronics industry. Electronic components industry in India was valued at $13.5 billion in 2015, growing from $10.8 billion in 2013 at a CAGR of 11 per cent.