ESDM Ecosystem: Think locally, win globally

By Vivek Sharma, Regional Vice President, Greater China and South Asia Region - India Operations, Director India Design Centers, STMicroelectronics According to S&P, a reputed rating agency, India should be the Asia-Pacific region's bright spot and forecasts that India’s economic growth will rise to 7.9 per cent in FY 2016, and will further rise to 8.2 per cent in FY 2017. Indian GDP has dramatically increased to 6.9 per cent from 5 per cent in FY2014, and 7.4 per cent for this fiscal year. Especially now, when the country is witnessing temporary slowdowns, these figures are quite encouraging. Contribution of ESDM Industry to Indian Economy The Electronics Systems Design and Manufacturing (ESDM) sector ranks high among the various segments contributing to creating this progress. Though it may not have matched the optimistic growth previously forecasted by experts, the industry in India has continued to chart an upward trend and its performance in the last few years is a strong achievement.
Indian ESDM Industry: Revenue Forecasts Split by Product and Services (2010-2015) (Revenue in $ Billion) Source: ISA-F&S Positive Outlook for ESDM India The rollout of new and evolving policies by the Government of India, like recognition of the ESDM industry as...