India's Electronics Manufacturing Services sector has grown from $10 billion to $40 billion in just five years, and according to Harshit Kapadia, Vice President at Elara Securities, the structural story is far from over.
"This is going to run for decades from now," Kapadia told ET Now, pointing to a powerful combination of global supply chain diversification, India's manufacturing cost advantage, and the government's renewed policy push, including a fresh outlay of ₹40,000 crore for the EMS sector.