India’s Electrical Equipment Industry Heads for a $235 Billion Manufacturing Opportunity by 2035
Domestic consumption alone is projected to reach ₹15.64–18.86 lakh crore, or US$170–205 billion, by 2035. Exports could cross ₹5.52 lakh crore, or US$60 billion, giving India a chance to move from being a large domestic market to becoming a serious global supply-chain hub for electrical equipment.