According to a report by National Skill Development Corporation (NSDC), Incremental human resource requirement in Electronic and IT hardware sector is 89 lakh by 2022. Electronics and IT Hardware is one of the emerging sectors for employment growth in India. Industry currently employs over 4.3 million people across manufacturing, sales and marketing (retail) and repair and maintenance segments.
Demand for electronic and IT hardware products expected to touch Rs24 lakh crore mark by 2020. As per the report, India’s per capita GDP is expected to rise to over US$2,000 by 2017, and will continue to be the major source of demand in consumer electronics in the country. Key Government initiated programmes which includes UIDAI project, National Knowledge Network and National Optic Fiber Network will continue to be the primary demand driver for the consumer electronics in the country. India’s computers and peripherals market is estimated to reach Rs7,490 crore in 2022, up from Rs2,430 crore in 2013 and the projected Rs4,200 crore in 2017.
Falling prices of computer products is also helping this sector to make inroads in tier II and III cities.