India is targeting annual electronics and semiconductor production worth USD 500 billion by 2030 as part of its broader vision to transform into a developed nation by 2047, a senior government official said on Thursday.

Addressing the Indo-German Chamber of Commerce (IGCC) Dialogue 2026 here, Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Amardeep Singh Bhatia said the government's Viksit Bharat roadmap has translated the 2047 vision into sector-specific action plans with clearly defined milestones for 2030.