According to the report, the total addressable market for domestic EMS players, estimated to be at $40 billion as of FY23, is expected to grow at 27% CAGR to reach $100 billion by FY27 on the back of declining import of finished goods (at 3% CAGR), and growing component production - currently growing at 13% CAGR - to surge to 19% CAGR in FY23-27.
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Electronics cos charged up for big revenue boost
Electronics cos charged up for big revenue boost
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