Electronics Forecasts for India

According to a study by Frost and Sullivan, India is the fastest growing market for electronic products in the world with consumption expected to grow to $363 billion by 2015 from $28 billion in 2005. India will account for 11% of the global electronics market by 2015, compared to 1.8% in 2005. India will also consume $36 billion of semiconductors in 2015, amounting to 6% of the global market.