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Thursday, May 2, 2024

Indian Electronics Industry Sees Impressive 154 Pc Growth In Hiring, Skilling

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New Delhi

The electronics industry in India saw a massive 154 per cent growth in hiring and skilling in the last financial year (from March 2023 till March this year) and the telecom domain led the industry, a report showed on Thursday.

The telecom vertical accounted for 64 per cent of hiring, closely followed by lighting and automotive sectors, according to research conducted by Quess Corp Ltd, a workforce management solutions provider.

The electronics industry also witnessed a significant deployment of women in various roles, particularly in manufacturing.

 Women are increasingly being deployed as operators, quality assurance professionals, and in testing roles, the findings showed. Women constitute 78 per cent of the industryā€™s workforce.

In terms of geography, Tamil Nadu leads the states with a significant 33 per cent share of electronics hiring demand, followed by Karnataka, Uttar Pradesh and Telangana.

The Indian electronics manufacturing sector is on a growth trajectory fuelled by innovation and transformation. Industry experts forecast the creation of 1 million jobs by 2025-2026, and the market size is expected to reach $400 billion by 2025, said Lohit Bhatia, President of Workforce Management at Quess Corp.

This growth is not only fueled by increasing consumer demand but has also received a boost from government initiatives such as ā€˜Make in Indiaā€™ and the production-linked incentive (PLI) scheme.

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