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India’s electronics sector expected to grow big, with 12 million jobs forecast by 2027 – ThePrint – ANIFeed

India’s electronics sector expected to grow big, with 12 million jobs forecast by 2027 – ThePrint – ANIFeed

New Delhi (India), December 28 (ANI): India’s electronics industry is on the verge of a transformational phase as it aims to reach $500 billion in manufacturing output by 2030, according to a TeamLease report.

To achieve this goal, the sector will need to grow fivefold over the next five years and close a $400 billion output gap. Currently, the industry’s domestic production is $101 billion, with mobile phones accounting for 43 percent of this production.

Other important contributors include consumer and industrial electronics (12 percent each), electronic components (11 percent) and emerging segments such as automotive electronics (8 percent), LED lighting (3 percent), wearables and hearables (1 percent). percent) and PCBAs (1 percent).

This extraordinary growth trajectory is expected to create 12 million jobs by 2027, including 3 million direct and 9 million indirect positions. Direct employment opportunities include nearly 1 million engineers, 2 million ITI-certified professionals and 200,000 specialists in high-demand areas such as artificial intelligence (AI), machine learning (ML) and data science.

Non-technical roles will now make up the majority of indirect employment opportunities, reflecting the sector’s potential to drive economic growth and create diverse career paths.

Despite the promising outlook, the electronics industry faces a significant talent shortage that could hinder its progress. This challenge isn’t just about numbers; There is a critical shortage of skilled workers essential to achieving the sector’s ambitious manufacturing targets. Bridging this gap is critical to strengthening India’s position in the global electronics supply chain.

To address this issue, workforce skills must be aligned with the needs of the industry, particularly in high-demand areas such as semiconductors, electromechanical parts, and passive and active components.

The talent pool is expected to come from specialized areas such as electronics and electrical engineering, ITI certified professionals and other technical areas, while general education streams can effectively support indirect roles.

AR Ramesh, CEO of TeamLease Degree Apprenticeship, highlighted the need for targeted skills development programs and stated: “Expanding apprenticeship enrollments, which are currently growing at 55 percent per year and are expected to reach 1 million apprentices to 2 million apprentices by 2027, will help achieve a …to create a robust talent pipeline to meet industry needs.”

He added: “To achieve its vision of becoming a global leader in electronics manufacturing, India needs to combine skills with strategic investments in infrastructure, policy interventions and innovations to drive the sector forward.”

Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, emphasized the importance of capacity building: “Employers and industries can strengthen these efforts by setting up in-house training centers and collaborating with academia through Work-Integrated Learning Programs (WILP) and apprenticeships .” .”

He added: “Expanding apprenticeship programs, reskilling and upskilling initiatives for over 50 per cent of the workforce, as well as robust capacity building measures will enable India to close the skills gap and drive sustainable growth, cementing its position as a global leader. “Electronics.”

To achieve its vision of becoming a global leader in electronics manufacturing, India needs to adopt a multi-pronged approach. This includes investing in skills programs, promoting partnerships between industry and academia, and improving infrastructure and political support.

Critically important will be efforts to increase ITI enrollment, establish internal training centers and expand training opportunities.

Comprehensive reskilling and upskilling initiatives for over 50 percent of the workforce, coupled with robust capacity building measures, can enable the sector to overcome talent shortages and sustain its rapid growth trajectory. (ANI)

This report is automatically generated by the ANI news service. ThePrint assumes no responsibility for the content.