· Manufacturing & Investment · Source: economictimes.indiatimes.com

India’s bare PCB manufacturing set for 45% CAGR surge

India’s bare PCB manufacturing sector is poised for a 45% CAGR, growing from $0.6 billion in FY24 to $3.8 billion by FY29. Currently 88% import-dependent, domestic production expansion is expected to reduce reliance on imports to 69%, driven by rising local demand, government incentives, and investments in electronics manufacturing capabilities.

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