India’s computer market will likely see a steady annual growth rate of 5.1% over the next five years, according to a report by S&P Global Market Intelligence.
The financial analytics firm also highlighted that India’s laptop imports rose by 10.8% year-over-year during the three-month period ending in August. Apple-related shipments significantly contributed to this surge.
If laptop assembly in India expands, imports of components could also increase, with mainland China and Hong Kong already supplying a large portion of these parts (excluding semiconductors) as of August 2024.
“That may lead the government to incentivize reshoring of component manufacturing as well as assembly,” the recent report noted.
The market intelligence firm suggests that India might reintroduce import restrictions on laptops in 2025, after loosening these regulations in 2023.
“Other policies including production-linked incentives may be considered to expand the domestic manufacturing industry,” the report asserted.
It also noted that India’s regulatory risks have dropped below those of similar countries, making it a more attractive destination for reshoring.
India is steadily evolving into a key hub for electronics manufacturing, especially for smartphones and laptops.
