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India can look at $20 billion revenue annually and five million jobs if developed into an electronics repair hub

As per a report by MAIT, the initiative to make India an electronics repair outsource hub can prove to be one of the driving factors for economic growth

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In a report, IT hardware industry body MAIT said, from 2025 onwards India can generate annual revenue of USD 20 billion and create 5 million jobs by emerging as an electronics hardware repair hub.

"The electronic repairs market is projected to generate revenues of USD 20 billion per annum in next four years from now (from 2025 onwards), as it is foreseen to be among the largest and fastest-growing industry in the world. With the aid of Make in India drive and other desired incentives, this billion-dollar industry shall result in incremental tax revenue generation for the government of India," the report said.

The reports optimistically projected that if India grabs this opportunity, it will lead to a spike in employment generation, investment from all over the globe, rise in income, and tax revenue that will ultimately contribute to USD 15-billion GDP addition per annum in the next four years from now. This initiative to make India an electronics repair outsource hub can prove to be one of the driving factors for economic growth. 

The report highlighted that 

"The initiative to make India an electronics repairs outsourcing hub is the next sunrise sector for the country with the potential to generate over 5 million new direct jobs,"


This news was sourced from PTI


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electronics mait made in india india outsourcing

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