India: Electronic: Industry Research Report

India: Electronic

Published Date: January 2008

Published By: Internet Securities, Inc. (Intellinews)

Page Count: 19

Order Code: R337-961

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The electronic industry in India is growing at a dynamic rate. India’s electronics industry grew at approximately 20.5% compounded annually over the past six years (2002-2007), and was worth USD16.1 billion in 2007. It is expected to become one of the fastest growing electronic markets globally for the next several years. In the medium term, there will be high growth in the India electronics sector. This market is targeted to hit USD 40 billion by 2010 at an annual rate of over 20%.

2007 has been a milestone year for IT industry, as worldwide IT spending hit USD 3.1 trillion, an 8% increased from 2006, and spending for 2008 is projected to grow by 5.5% to USD 3.3 trillion. The market of EMS is anticipated to be USD 163 billion by 2008, while the market for ODMs is forecasted to be USD 144 billion.

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