The electronic industry is miniscule by international comparison, however the demand in the Indian market is growing rapidly and investments are flowing in to augment manufacturing capacity. Consumer electronics market is in rapid evolution phase and the manufacturers are under tremendous competitive pressure to be first-to-market with unique and differentiated products.
To stay ahead of the competition, consumer manufacturers are forced to constantly enhance their products or support emerging technologies. India has enough resources, capabilities and opportunities to thrive and lead in electronics and semiconductor industry, which include design, manufacturing and services.
This achievement is highly laudable, considering the youngness of our electronics industry.
India has the presence of large number of semiconductor design companies and these could be impacted by global events. As regards revenue growth, India semiconductor companies should post robust revenue growth as most of the top global semiconductor companies have chip design or development centres in India.
