To grow India’s electronics sector from $100 billion to $500 billion by 2030, NITI Aayog has recommended a slew of measures that include simplifying import tariffs for components and offering fiscal incentives for domestic manufacturing of components. In a report released on Thursday, the government’s apex think tank also identified fiscal support to design-focussed companies alongside easing the process for technology transfer as key to boosting domestic electronics manufacturers’ role in global value chains (GVCs). The report titled “Electronics: Powering India’s Participation in Global Value Chains” said high tariffs on components are hindering India’s ability to scale up electronics exports...