India’s electronics manufacturing boom faces ‘scale without depth’ hurdle: KPMG

Mumbai, The electronic manufacturing services (EMS) market in India is expected to exceed $150 billion by FY30, driven by domestic demand, policy support and China+1 strategies, from $40-45 billion in 2025, a report said on Monday.

However, this growth reflects a “scale without depth” paradox, for while India leads in high-volume assembly, particularly in mobile and consumer electronics, its presence in higher-value areas such as design, components and IP ownership remains limited, KPMG India said in its report.