KPMG: India's EMS market to cross $150B by FY30, but 'scale without depth' risk looms
KPMG report projects India's electronics manufacturing services market to expand from $40-45B in 2025 to over $150B by FY30, backed by $19.5B in incentives. But 80-95% component import dependency and thin design/IP ownership leave India with just 5-6% of the $640-650B global EMS pie.
KPMG report says India's electronics manufacturing services market will exceed $150 billion by FY30 from $40-45 billion, but faces a 'scale without depth' problem with 80-95% component import dependency and limited design/IP ownership.