India’s telecom equipment market could double to $50 Bn: 3 stocks making 5G gear
India’s telecom equipment industry is entering a major growth phase. A recent KPMG report projects that India’s telecom equipment market could double from $25 billion in FY25 to $50 billion by FY32.
The opportunity goes beyond expanding telecom networks. India is also strengthening its position as a manufacturing hub for 5G equipment.
The shift is already visible. At India Mobile Congress 2026, Ericsson announced that its Indian manufacturing ecosystem had produced over 15,000 antennas and 25 million components since July 2025. India-made antennas are also being exported to Europe and other global markets.
