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Electronics import bill could surpass oil: Sam Pitroda

From chip plants to research parks, India must invest in an electronics manufacturing base to sate the swelling demand for smartphones, laptops and other gear or risk an import bill larger than for oil, a top adviser to the prime minister said.

Information technology and services may have powered India to be one of the world’s fastest-growing major economies, but manufacturing accounts for just 16 percent of output, roughly half of the share in China and far behind India’s targeted 25 percent over the next decade.

“We have lost all of the electronics manufacturing base, whatever little we had,” said Sam Pitroda in an interview on the sidelines of a World Economic Forum event in Mumbai.