The government’s objective to grow the country’s electronics hardware sector to $400 billion by 2025 rests primarily on the plan to make India into a global mobile device manufacturing hub. But to meet that ambitious target, it also needs to ramp up production and exports in other segments, namely, consumer, industrial, automotive electronics, and computer hardware, among others.
However, since non-mobile device electronics is heavily dependent on imports, the forex outgo on non-mobile electronic hardware has shot up to $37 billion. What aggravates the problem is the …