India eyes $500 billion electronics manufacturing by 2030 under Viksit Bharat roadmap
New Delhi, July 30
India is targeting annual electronics and semiconductor production worth $500 billion by 2030 as part of its broader vision to transform into a developed nation by 2047, a senior government official said on Thursday.
Addressing the Indo-German Chamber of Commerce (IGCC) Dialogue 2026 here, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said the government's Viksit Bharat roadmap has translated the 2047 vision into sector-specific action plans with clearly defined milestones for 2030.
Highlighting the electronics and semiconductor sector, Bhatia said India aims to scale annual production from the current baseline of around $330 billion to $500 billion by 2030, before expanding further to between $5.3 trillion and $8 trillion by 2047.
"These targets will unlock significant manufacturing opportunities," he said, adding that the government's long-term plans cover both economic and social sectors and are designed to accelerate industrial growth.
Bhatia said India continues to remain one of the world's fastest-growing major economies, supported by a sustained focus on reforms and implementation over the past decade.
He noted that reform efforts have gathered further momentum in the last three years through high-level committees working on sector-specific initiatives.
He also highlighted the role of a deregulation cell in the Cabinet Secretariat, which is working with states to simplify regulations and improve the ease of doing business.
On India-Germany economic ties, Bhatia said the two countries share more than 25 years of strategic partnership and 75 years of diplomatic relations, while business engagement between them dates back over a century.
He noted that several German companies had established operations in India even before Independence and said the bilateral partnership has strengthened further in recent years with increasing business delegations and investments.
Bhatia added that the Indo-German Chamber of Commerce, with more than 2,500 members, reflects the depth of commercial ties between the two countries and offers a strong platform to further deepen economic cooperation.
— IANS
Reader Comments
Good to hear about the deregulation cell working with states. India's states have vastly different ease of doing business - some are great, others need serious work. Hope this simplifies things for investors.
I'm excited about the semiconductor push! For decades we imported almost everything - now we're making chips in India. But honestly, we need to focus on R&D and skill development too, not just assembly. Otherwise it's just screwdriver manufacturing.
The Indo-German partnership is truly historic. German companies like Siemens and Bosch have been in India for over a century. This relationship has solid foundations 👍
$500B by 2030 sounds impressive but current production is $330B? That's already a huge number. Need to understand what's counted. Also, what about power costs and logistics - these are major hurdles for manufacturing in India.
As someone working in electronics industry, I can tell you ground reality is improving. PLI schemes have brought in Foxconn, Wistron, and others. But we need to ensure small and medium enterprises also benefit, not just big players. That's key for Viksit Bharat!
Good to see India leveraging its strength in engineering and IT to
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