July 19, 2024 3:36 PM

Participation in global value chains key to India’s rise as electronics powerhouse, says NITI Aayog report

India needs to enhance its participation in global value chains (GVCs), which account for 70% of global trade, to establish itself as a leading manufacturing hub for electronics, according to a report published by the policy think tank NITI Aayog. Titled "Electronics: Powering India's Participation in Global Value Chains," the report outlines an ambitious target of $500 billion in electronics manufacturing by the fiscal year 2030. The report notes that India's electronics industry has seen rap...