Indian Electronics is Positive Owing to the Huge Domestic Demand

Sept. 14, 2012 - PRLog -- India Electronics Industry 1H12

Description

India: Electronics covers the sector overview, sectror size, competitive landscape and enviromental scanning for India. It also covers the market trends and outlook, consumer electronics, industrial electronics, computer hardware and peripherals, communication and broadcasting equipments, strategic electronics, electronic components and industry forecast, plus the profile, comparative matrix and SWOT analysis of the industry leading players: Videocon Industries Limited , HCL Infosystems Limited and Bharat Electronics Limited. http://www.bharatbook.com/consumer-electronics-market-research-reports/india-electronics-industry-1h12.html

Summary

Indian economy saw a period of slowdown in fiscal year 2012. The country recorded a GDP growth of 5.3% in the fourth quarter which was its worst performance in the last nine years. Indian electronics industry also suffered a minor slowdown but managed to record a y/y growth of 10%. The production turnover of the industry grew at a CAGR of more than 15% in the last six years and is expected to cross INR 1.5 tn by the end of fiscal year 2013. India Electronics Industry

The country was low in terms of electronic equipment manufacturing ranking around 1.5% of the total world production. According to Department of Electronics and Information Technology (DeitY), more than 50% demand for electronics in the country was met through imports and the figure is expected to rise to 75% by 2020. Government of India is undertaking several initiatives to promote domestic manufacturing of electronic equipment. Under the Draft National Policy on Electronics (NPE), the Government has targeted for creation an eco-system for a globally competitive electronic system design and manufacturing sector in the country, in order to achieve a production turnover of about USD 400 Bn by 2020. The policy also targets investment of about USD 100 Bn and employment to around 28 mn people at various levels of the industry.

All six major sub-sectors of Indian electronics industry saw growth in production turnover during the fiscal year 2012. Highest growth was recorded by the electronic components and communication equipment sub-sector, while consumer electronics was slightly subdued compared to past few years. However, rising costs of raw materials and persistent inflation was negatively affecting the profitability of the sector. Major domestic players in the industry recorded a significant decline in their profit margins during the year.

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