India’s electronics manufacturing industry is experiencing unprecedented growth, with projections indicating the creation of 12 million jobs by FY 2027-28.
This growth is driven by a compound annual growth rate (CAGR) of 25-30%.
It is inspired by Prime Minister Narendra Modi’s vision of making India a $500 billion electronics manufacturing hub by 2030.
The industry is expected to generate 3 million direct jobs and 9 million indirect roles.
Skills Gap and Talent Shortage in Electronics Manufacturing
Despite the promising job creation, the sector faces a significant challenge: a 10 million skilled professionals deficit.
This skills gap underscores the urgent need for targeted training and upskilling initiatives to bridge the divide between industry requirements and the current workforce.
The demand for specialized skills in areas such as semiconductors, drones, and electric vehicles is rising rapidly.
Similarly, skills in solar panels, IT and telecom hardware, and consumer electronics are also in high demand.
Government Initiatives and Industry-Academia Collaboration
To address the talent shortage, the government has introduced policies such as the PLI scheme and ELI scheme.
These policies have attracted significant investments and are designed to spur job creation.
Strengthening industry-academia collaboration is crucial to doubling the number of graduates entering the workforce annually from 2 million to 4 million by FY 2027-28.
This collaboration will help create a steady talent pipeline to meet the industry’s growing needs.
Scaling the apprenticeship ecosystem, which is currently growing at a 55% CAGR, is essential to meet the industry’s demand for skilled professionals.
By 2027, the ecosystem is projected to reach 1 million apprentices, creating a robust talent pipeline.
Blending classroom learning with hands-on training through apprenticeships is a key strategy to bridge the skills gap.
Future Prospects of Electronics Sector and Global Leadership
India is on the cusp of becoming a global leader in electronics manufacturing, with domestic production reaching $101 billion in FY23.
High-growth areas such as semiconductors, drones, electric vehicles, solar panels, IT and telecom hardware, and consumer electronics are driving this growth.
The country’s emergence as a global R&D hub and the world’s third-largest startup ecosystem further highlights the urgent need for a highly skilled workforce.
The electronics sector’s rapid growth presents both opportunities and challenges for India.
While the potential for job creation is immense, addressing the skills gap is crucial to sustaining this growth.
Ensuring India’s competitiveness on the global stage also depends on bridging this skills gap.
With targeted training, government support, and industry-academia collaboration, India can build a highly skilled workforce.
This workforce will be able to meet the demands of its booming electronics industry.
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