India’s electronic manufacturing services market to reach $72.2 billion in FY27: Report

New Delhi: Backed by robust government measures, the domestic electronic manufacturing services (EMS) market is poised to grow at a 32 per cent compound annual growth rate (CAGR) in the FY22-FY27 period to reach $72.2 billion from $17.5 billion in FY22, a report showed on Monday.

The government has initiated various measures, such as the production-linked incentive (PLI) schemes and the Semicon India programme, to promote electronic manufacturing in the country.