India’s electronic production set to reach Rs 27.7 lakh crore by FY28: Report

New Delhi [India], June 27 (ANI): India’s electronic manufacturing is expected to grow significantly and reach Rs 27.7 lakh crore by the financial year 2027-28 (FY28), according to a recent report by Antique Stock Broking.

This would mean a strong compound annual growth rate (CAGR) of 27 per cent over the next five-year period from FY23 to FY28.

The report said “The Indian EMS sector is experiencing multi-year growth opportunities aided by supportive government policies and strong demand tailwinds emerging from the use of electronics in multiple sectors. Domestic electronic production is expected to grow at a CAGR of 27 per cent over FY23-28.”