India Poised to Become 2nd Largest Economy by 2040 Through Electronics Manufacturing Growth

India on track to become 2nd largest economy by 2040 due to growth in electronics manufacturing
Mobile phones, consumer electronics, IT hardware & components account for 70% of India's manufacturing output
Strategic collaboration, innovation & policies needed to make India a resilient electronics manufacturing hub
Short-term Clarify post-PLI support, address non-tariff barriers hampering sector growth
Long-term Skill development vital to leverage demographic dividend & boost socio-economic fabric