Next export story: $50 bn prize India can't miss
India's telecom equipment industry currently accounts for just $0.6-1 billion in exports and $4-5 billion in imports annually. However, a new assessment by the NITI Aayog suggests that India could become a $50 billion exporter of telecom and network equipment by 2035. This potential growth hinges on strengthening local manufacturing, reducing reliance on imported components, and capitalizing on the rapidly expanding global telecom market.
India already boasts one of the world's largest telecom markets and has developed a robust digital ecosystem. Leveraging this existing demand could position India as a key player in the manufacturing of critical telecom components such as antennas, remote radio heads, baseband units, and optical fibre cables. The report identifies specific product categories where India could build export scale, emphasizing the potential for growth in these areas.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
