Why India is Becoming a Global Hub for Electronic Manufacturing
Electronics manufacturing is now recognized as one of the fastest-growing sectors, drawing global consumers and establishing India as a leading contract manufacturing hub. The Covid-19 outbreak has only increased the demand for gadgets and pharmaceuticals. The Indian contract manufacturing sector is expected to grow at a CAGR of 13.3% from 2023 to 2028. Additionally, the Indian electronic manufacturing company is expected to experience a significant growth, with its value projected to rise from USD 23.5 billion in 2019-20 to USD 152 billion by 2025. India is in a position to become a global contract manufacturing powerhouse, thanks to ample raw material availability, a young labor force, and a sizable talent pool with manufacturing and entrepreneurial skills. In this blog post, we discuss why India is emerging as a go-to destination for many companies. Why Are Companies Choosing India as a Hub for Electronic Contract Manufacturing? India stands out as a beacon of opportunity in...