Blitz Bureau
NEW DELHI: As India’s electronics industry witnesses unprecedented growth, it is set to create 12 million (1.2 crore) jobs at a compound annual growth rate (CAGR) of 25-30 per cent, according to a report on November 18.
The projections indicate the creation of 12 million jobs, encompassing 3 million direct and 9 million indirect roles, according to a report by TeamLease Degree Apprenticeship.
However, a pressing deficit of 10 million trained professionals underscores the urgent need to bridge this gap to sustain and amplify India’s growth in the electronics sector, it added.
The electronics manufacturing industry is surging, inspired by Prime Minister Narendra Modi’s vision of making the country a $500 billion electronics manufacturing hub by 2030.
As the industry diversifies into areas such as communication and broadcast electronics, consumer electronics, industrial electronics and aerospace and defence electronics, the demand for specialised skills has surged.
The growing requirements for components like semiconductors and electromechanical parts further intensify this challenge.
India is on the cusp of becoming a global leader in electronics manufacturing, with domestic production reaching $101 billion in FY23, driven by segments such as mobile phones (43 per cent), consumer electronics (12 per cent), industrial electronics (12 per cent), and auto electronics (8 per cent).
“By FY 2027-28, the industry will require 12 million professionals — 3 million in direct roles and 9 million in indirect roles, yet a staggering skills gap of 10 million persists. Bridging this gap demands a robust focus on skill development, blending classroom learning with hands-on training through apprenticeships,” said AR Ramesh, CEO of TeamLease Degree Apprenticeship.
