India's electronics manufacturing sector set for significant growth

India's electronics manufacturing sector is poised for growth, according to industry leaders. They believe the country has a strong advantage in high-value manufacturing, especially in mobile phones, smart TVs, and other electronics. New Delhi officials are focusing on policies to support this growth. They believe that extended production-linked incentives (PLI) and improved export incentives could help boost the $13 billion TV industry. Changes to the Basic Customs Duty (BCD) on key electronics will also support the 'Make in India' initiative, aiming for a $500 billion electronics manufacturing goal. Arjun Bajaj, a director at Videotex, highlighted the importance of infrastructure and skill development in making India a better manufacturing hub. The Indian TV market is changing rapidly, with increasing demand for bigger screens and smarter technology. Videotex is expanding its manufacturing capabilities and investing in research and development for innovative TV solutions. Its new facility will be operational at the start of the next financial year, enhancing both production and innovation. According to Fitch, India's large domestic market will help shield the economy from external threats, allowing for a growth rate of 6.5 percent in FY26. A report from Morgan Stanley echoed this sentiment, stating that India is well-positioned amid global trade uncertainty.