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The Economic Times
The Economic Times
Business

India eyes 14-fold jump in electronic component production by FY31: Report

India

New Delhi: India is looking to sharply increase its electronic component production as the country's total electronics production is targeted to reach USD 500 billion by FY31, according to a report by Kotak Mutual Fund.

The report showed that electronic component production is projected to rise from USD 10.5 billion in FY24 to USD 150 billion by FY31. This represents a more than 14-fold increase over the period.

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