Issue link: https://iconnect007.uberflip.com/i/1538999
6 SMT007 MAGAZINE I SEPTEMBER 2025 N O L A N 'S N OT ES Why is everyone suddenly talking about India? Here are some facts that might interest you: • The International Monetary Fund (IMF) has projected India's GDP growth over the next five years at 12.9%, second only to China's 22.6%, and ahead of the U.S., which is in third place 1 . • The IMF calls India the fastest-growing major economy in the next two years. • By 2028, India is expected to reach 18% and maintain growth in the 20% range thereafter 1 . • Closer to home, there are an estimated 700 EMS suppliers in India, including both Indian and multinational companies 2 . • In 2021, the Indian EMS industry was valued at $23.5 billion. While this is 2.8% of the global EMS market, its growth potential is expected to reach $152 billion by the end of this year 2 . Despite this, trade agreement negotiations between India and the U.S. have stalled 3 , and the Trump Administration announced a 50% tariff on India products 4 , the highest against any country. Tariffs might not slow the Indian economic region all that much, but what might this mean to India's electronics exports? In this issue of SMT007 Magazine, we turn our attention to the Indian EMS market. We start with an interview with David Bergman, whose foresight in the early 2000s opened doors for the Global Electronics Association to begin helping Indian EMS companies with standards and certifications that would give EMS companies a footing to enter a global EMS market. That office is growing strongly in India and the regions surrounding it. For something extra, I encourage you to read "A Vision for India and Beyond" in the Summer 2025 issue of Community Magazine, which highlights the efforts of Gaurab Majumdar, vice president of the Association's India region. You'll also want to read excerpts I've included in this issue from the Association's June 2025 report, "Interconnected: Global Electronics Trade in an Age of Disruption," which details exactly how and Everyone Has Their Eye on India by Nolan J ohnson, I-C onne ct0 07