India’s Renaissance …

• India is likely to show the fastest growth over the next 30 to 50 years.
• India is projected to become the world’s 3rd largest economy by 2032.
• The present growth rate of 8%+, likely to sustain over 5% during the next 30 years.
• India’s GDP will exceed Italy’s in 2016, France’s in 2019, Germany’s in 2023 and Japan’s in 2032.
  

The Indian Electronic Market

• The demand for electronic hardware is projected to reach an incredible 12% of our GDP by 2015 – from a little over 1% today.
  
• The burgeoning growth of India’s electronic hardware market, currently valued at US$ 16.1 billion, encompasses all segments including telecommunications, consumer electronics, computer hardware and medical electronics system.
  
• The electronics equipment market in India is expected to grow at the rate of 30 % per annum, reaching an impressive size of US$ 158 billion by 2015.
  
• Revenue generated by Electronics Manufacturing Services (EMS) providers and Original Design Manufacturers (ODMs) in India will rise from US$ 774 million in 2004 to US$ 2.03 billion in 2009, contributing to India’s overall electronics industry growth.
  
• According to a report released by the India Semiconductor Association (ISA), the Indian semiconductor market is expected to double its revenue from $2.70 billion in 2006 to $5.49 billion in 2009.