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Productivity & Competitiveness of Indian Manufacturing: IT Hardware and Electronics

Electronics and IT Hardware Industry is the largest and fastest growing manufacturing Industry in the world. The current recession notwithstanding, the Indian IT hardware & Electronics Industry has grown at approximately 7% per annum compared to global GDP growth of 3-3.5%. The electronic industry in India constitutes just less than 1% of the global electronic industry. However, the demand in the Indian market is growing rapidly though it remains a major importer of electronic materials, components and finished equipment. A series of market studies during the last few years have forecast rapid growth of electronics hardware demand in India, going up from the existing US$40 billion to US$155billion by 2015 growing at 20%+ annual growth rate. This would be 12% of the projected GDP in 2015 against the present 2%. A manufacturing output of US$ 155 billion would have the potential to create employment of 21 million (7million direct + 14million indirect) and Revenue of approximately US$ 56 Billion (Rs.274,000Crores) including direct and indirect taxes (State and Central). Present total employment in the sector is less than 2.5 Million and Revenue is less than Rs.25, 000 Crores.

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