India’s electronics manufacturing services (EMS) market may cross $150 billion by FY30, says KPMG report
India currently accounts for only about 5-6 per cent of global EMS manufacturing, indicating significant headroom for expansion.
India currently accounts for only about 5-6 per cent of global EMS manufacturing, indicating significant headroom for expansion.
The industry is projected to grow at a robust 31% CAGR through 2029, supported by deepening Digital Public Infrastructure (DPI), widespread UPI adoption, and expanding financial access across tier-II and III cities.
The report on the impact of the pandemic on potential income and employment in India noted that as per KPMG survey, employment in the country may decline by 11.6 to 31.1 per cent over 2019-20 due to the novel coronavirus pandemic and the lockdown.
For the print media, digital presence is now more critical and could translate into greater monetisation opportunities, added the report.
