India targets $500 bn electronics manufacturing by 2030

India aims to produce electronics and semiconductors worth $500 billion annually by 2030, a senior government official said. DPIIT Secretary Amardeep Singh Bhatia announced the target at the Indo-German Chamber of Commerce Dialogue 2026 in New Delhi. He said the Viksit Bharat roadmap has set sector-specific milestones for 2030 to achieve the 2047 vision of a developed nation.

Current annual electronics production is around $330 billion, Bhatia said. The government plans to expand it to $500 billion by 2030 and further to between $5.3 trillion and $8 trillion by 2047. The push includes expanding PLI schemes for electronics and developing semiconductor fabrication and packaging facilities. Bhatia said these targets will unlock significant manufacturing opportunities.

Bhatia noted that India remains one of the fastest-growing major economies, with reform momentum sustained over the past decade. He highlighted recent efforts by a deregulation cell in the Cabinet Secretariat working with states to simplify rules. The Indo-German Chamber of Commerce, with over 2,500 members, reflects the depth of bilateral commercial ties, he added.