India’s electronics sector eyes main progress, with 12 million jobs projected by 2027, ETCFO
India’s electronics {industry} is getting ready to a transformative section because it targets USD 500 billion in manufacturing output by 2030, in accordance with TeamLease report.
Attaining this aim would require the sector to broaden fivefold within the subsequent 5 years, addressing a USD 400 billion manufacturing hole. Presently, the {industry}’s home manufacturing stands at USD 101 billion, with cellphones accounting for 43 per cent of this output.
Different key contributors embody client and industrial electronics (12 per cent every), digital elements (11 per cent), and rising segments equivalent to auto electronics (8 per cent), LED lighting (3 per cent), wearables and hearables (1 per cent), and PCBAs (1 per cent).
This extraordinary progress trajectory is projected to generate 12 million jobs by 2027, encompassing 3 million direct and 9 million oblique roles. Direct employment alternatives will span practically 1 million engineers, 2 million ITI-certified professionals, and 200,000 specialists in high-demand fields equivalent to synthetic intelligence (AI), machine studying (ML), and knowledge science.
In the meantime, non-technical roles will account for the majority of oblique employment alternatives, reflecting the sector’s potential to drive financial progress and create various profession paths.
Regardless of its promising outlook, the electronics sector faces a big expertise hole that would impede its progress. This problem is not only about numbers; it entails a vital scarcity of expert professionals important for reaching the sector’s formidable manufacturing objectives. Bridging this hole is essential to strengthening India’s place within the international electronics provide chain.
To deal with this problem, workforce expertise should be aligned with {industry} wants, significantly in high-demand areas equivalent to semiconductors, electromechanical elements, and each passive and lively elements.
The expertise pool is anticipated to return from specialised fields equivalent to Electronics and Electrical streams, ITI-certified professionals, and different technical domains, whereas basic schooling streams can successfully assist oblique roles.
AR Ramesh, CEO of TeamLease Diploma Apprenticeship, highlighted the necessity for focused skilling applications, stating, “Scaling apprenticeship enrollments, at present rising at a 55 per cent CAGR and projected to succeed in 1 million apprentices by 2027 to 2 million apprentices, will assist create a sturdy expertise pipeline to fulfill {industry} wants.”
He added, “To understand its imaginative and prescient of changing into a worldwide chief in electronics manufacturing, India should mix skilling with strategic investments in infrastructure, coverage interventions, and innovation to propel the sector ahead.”
Sumit Kumar, Chief Technique Officer at TeamLease Diploma Apprenticeship, emphasised the significance of capability constructing, “Employers and industries can strengthen this effort by organising in-house coaching centres and collaborating with academia via Work-Built-in Studying Applications (WILP) and diploma apprenticeships.”
He added, “Scaling apprenticeship applications, reskilling, and upskilling initiatives for over 50 per cent of the workforce, alongside strong capacity-building measures, will empower India to bridge the abilities hole and drive sustainable progress, solidifying its place as a worldwide chief in electronics.”
To understand its imaginative and prescient of changing into a worldwide chief in electronics manufacturing, India should undertake a multi-pronged strategy. This contains investing in skilling applications, fostering industry-academia partnerships, and enhancing infrastructure and coverage assist.
Efforts to extend ITI enrollment, set up in-house coaching centres, and broaden apprenticeship alternatives will probably be pivotal.
Scaling reskilling and upskilling initiatives for over 50 per cent of the workforce, coupled with strong capacity-building measures, can empower the sector to beat expertise shortages and maintain its speedy progress trajectory.
