India, June 23 -- India's electronics supply chain stands at the forefront of transformative growth with the onset of the Electronics Component Manufacturing Scheme (ECMS) - a strategic initiative designed to reinforce domestic manufacturing and position the nation as an independent hub in the global electronics supply chain.

The country's position in electronics manufacturing has steadily grown in recent years. It is projected to reach $500 billion by 2030, driven by increasing demand and strategic government initiatives aimed at fostering growth.

The ECMS reflects the country's strategy towards transforming manufacturing potential into a plan for innovation.

Current market position and growth trajectory

The smartphone sector leads ...