India’s Electronics Industry Will Grow Faster Than China’s
Driven by computer and computer component sectors, the Indian electronics industry is poised to take off at growth rates surpassing even those of China, according to a report released Wednesday by In Stat.
However, Indias total electronics market will remain well behind Chinas electronics industry, which was worth $272 billion in 2004, compared with Indias $11.5 billion for the same year. It is the expected growth rate of Indias electronic segment that caught the eye of the market research firm.
Labour and raw material costs are clearly a factor in this projected growth but it appears that the countrys substantial population will also help spur electronics sales.
Major challenges facing the Indian electronics manufacturing market are…
