📊Executive Summary

India is experiencing a significant transformation in its manufacturing sector, particularly in electronics, driven by domestic demand and supportive policies. The country aims to increase its manufacturing contribution to GDP from 15-17% to 25%, mirroring the growth trajectories of peers like China and South Korea. Major companies, including Apple, are ramping up production in India, with plans to manufacture a larger share of their products locally. The Production-Linked Incentive (PLI) scheme has attracted substantial investments, enhancing India's integration into global supply chains. This shift is further supported by advancements in technology and a young workforce embracing AI, which positions India as a competitive player in the global electronics market....