A recent report by the Confederation of Indian Industry stresses the need for India’s electronics sector to transition from import-dependent assembly to component-level manufacturing. In 2023, India’s demand for components was USD 45.5 billion, supporting USD 102 billion in electronics production. By 2030, this demand is expected to reach USD 240 billion, supporting USD 500 billion in production. Key components like PCBAs are projected to grow at a 30% CAGR, reaching USD 139 billion. Government actions, such as fiscal support, tariff rationalization, and FTAs, are crucial for this transition.