New Delhi, July 30 -- India is expected to unlock major manufacturing opportunities as it targets a sharp expansion in electronics and semiconductor production, with annual output projected to reach USD 500 billion by 2030 and USD 5.3-8 trillion by 2047, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said.

Speaking at the Indo-German Chamber of Commerce (IGCC) Dialogue 2026, the DPIIT Secretary said these targets are part of India's broader development strategy.

Aligned with 'Viksit Bharat' Vision

Bhatia noted that the targets are aligned with the government's Viksit Bharat initiative to make India a developed economy by 2047, with detailed sector-wise plans outlining long-term goals and...