India, Sept. 18 -- Balaji Thirumalai, Partner, Bain & Co. delivered the keynote on Driving the Next Phase of India's Electronics Growth. There are so many invisible layers that goes into designing and making a product. That can help India to become a product nation.

India's growth story continues. We have a large working population that supports a larger, more sophisticated domestic market. Demographic dividend is an advantage. With rising affluence, we have moved to a bulge in between. That has led to larger consumption of electronics. We also have a big electronic ambition. We should have a $100+ billion semiconductor consumption market by 2031.

A product nation owns the full arc -- from idea to global scale. This involves conceiving,...