Indian Electronics Sector Projected To Create 12 Million Jobs By 2027

Despite its modest four per cent participation in global value chains, the sector holds immense growth potential by moving beyond final assembly to include design and component manufacturing

The electronics sector in the country is projected to create 12 million jobs by 2027 — three million direct and 9 million indirect roles, a TeamLease Degree Apprenticeship report said.

Direct employment opportunities are likely to include employment for nearly one million engineers, two million ITI-certified professionals, and 0.2 million specialists in fields like AI, ML and data science, while non-technical roles are expected to contribute nine million indirect jobs, highlighting the sector’s immense potential to fuel economic growth, the report added.

The electronics industry has an ambitious goal of achieving $500 billion in manufacturing output by 2030. To meet this target, the sector must grow five-fold over the next five years, bridging a $400 billion production gap. Currently, domestic production stands at $101 billion, with mobile phones contributing 43 per cent, followed by consumer and industrial electronics at 12 per cent each, and electronic components at 11 per cent.

Additionally, emerging segments like auto electronics (eight per cent), LED lighting (three per cent), wearables and hearables (one per cent), and PCBAs (one per cent) offer substantial growth potential, said the report.

“India’s electronics sector, valued at $101 billion, is swiftly positioning itself as a global electronics hub, contributing 3.3 per cent to global manufacturing and 5.3 per cent to India’s total merchandise exports in FY23,” said Sumit Kumar, chief strategy officer at TeamLease Degree Apprenticeship.

Despite its modest four per cent participation in global value chains, the sector holds immense growth potential by moving beyond final assembly to include design and component manufacturing.

“As opportunities and employment creation rise, a multi-pronged approach becomes essential, with a strong focus on apprenticeships, reskilling, and upskilling to cultivate a future-ready workforce,” said Kumar.