India- A hub of opportunities for electronic subcontracting in global markets
Electronics manufacturing has become one of the highest-growth sectors, attracting global markets, and making India an unparalleled hub for sub-contract manufacturing. The demand for electronics and pharmaceutical products, which witnessed a surge during the onset of the Covid-19 pandemic, has only accelerated since. In the next 5 years, the Indian contract manufacturing industry is expected to grow by a CAGR of 13.3% from 2023 through 2028.
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