89 Lakh Skilled Workforce Required In Electronics And Hardware Sector By 2022- NSDC Report
Demand for electronic and IT hardware products expected to touch 24 lakh crore mark by 2020
Demand for electronics stood at INR 6 lakh crore in FY13 but only INR 216,000 crore goods were produced in India
Central and state governments are among the largest demand drivers for the electronics industry
According to a report by National Skill Development Corporation (NSDC), Incremental human resource requirement in Electronic and IT hardware sector is 89 lakh by 2022. Electronics & It Hardware is one of the emerging sectors for employment growth in India. Industry currently employs over 4.3 million people across manufacturing, Sales and marketing (including Retail) and Repair & Maintenance segments. Demand for electronic and IT hardware products expected to touch 24 lakh crore mark by 2020.
According to the report India’s per capita GDP has nearly tripled since 2000, rising from US$455 to US$1, 489 in 2012. This is expected to rise to over US$2,000 by 2017, and will continue to be the major source of demand in consumer electronics in the country. Key government initiated programmes which includes the UIDAI project, the National Knowledge Network (NKN) and the National Optic Fiber Network (NOFN) will continue to be the primary demand driver for the consumer electronics in the country.
Further the report states that demand for electronics stood at INR 6 lakh crore in FY13 but only INR 216,000 crore goods were produced in India. Central and state governments are among the largest demand drivers for the electronics industry.
In recent years, the consumer electronics space has been characterized by rapid technological advancements, shortening product cycles. Moreover, these advancements come at a huge cost and require vast investments in developing R&D capabilities. Only a few Indian companies possess the skills and capital required to ensure long-term success in such a scenario.
The report further states that India’s computers and peripherals market is estimated to reach INR 7,490 crore in 2022, up from INR 2,430 crore in 2013 and the projected INR 4,200 crore in 2017. Falling prices of computer products is also helping this sector to make inroads in tier 2 and 3 cities.
Commenting upon the report, Mr. Ajai Chowdhry, Chairman Electronic sector skill council said, “With the advent of new technology the global electronics and hardware industry, has several new job roles in the market. This opens more opportunity for our skilled youth specially those who are trained as per industry standards. The sector skill council works closely with the industry to identify these standard across levels in the industry and ensures that India’s youth gets employment of their choice and calibre. Schemes like the Electronic Manufacturing Cluster Scheme, Modified Special Initiatives Package Scheme and Preferential Market Access Scheme have already been launched by government to promote domestic manufacturing in the sector.”