Page 66 - Edelweiss India Conference 2022 FLIPBOOK
P. 66
THE NEW EDGE
…while the Indian industry is expected to grow at a much higher pace
India Electronics Market (CAGR) India EMS Market (CAGR)
FY26 - 18% l FY30 - 20% FY26 - 30% l FY30 - 36%
USD432bn
USD176bn
USD208bn
USD91bn USD52bn
USD14bn
FY21 FY26 FY30E FY21 FY26E FY30E
Source: Meity, ELCINA, Frost & Sullivan, Edelweiss Research
China plus One
Given many global players seeking to derisk their dependence on raw materials/
given its chemical capabilities, large manufacturing base and consumption market—all of
which are supported by large-scale investment and availability of raw material. We believe
substitute given its
chemical capabilities,
large manufacturing Chemicals has been the most prominent industry wherein such a shift to India is seen.
base and consumption Export share of global chemicals – India versus China
market—all of which
are supported by large- 0.18
scale investment and 0.16 15%
availability of raw 0.14 13% 14% Ranked
material 0.12 5th
0.1 Ranked 8%
10th
0.08 Ranked
17th
0.06 4%
0.04 2%
0.02
0
Inorganic Organic Argrochemicals
China India
Source: Edelweiss Research, INTRACEN
64 Edelweiss Securities Limited
