The Indian government attaches high importance to the development of microelectronics industry in order to achieve the goals of Self-reliant India Campaign (Atmanirbhar Bharat Abhiyan) announced in May 2020. The main objectives of special programs and measures are to give an impetus to the domestic manufacturing sector, attract investments, and generate direct and indirect employment. The BJP government's vision for electronics industry is focused on expanding production facilities to meet local demand and ramp up exports. It is important to note the impact of external/global factors as well. In searching for alternative options to China, large electronic companies are considering the possibility of transferring manufacturing operations to India, noting such country's advantages like the fastest economic growth, large workforce, rapidly expanding middle class and stable political system. Step by step India keens to become a prominent player in the global microelectronics market. The article analyzes the key stages of the development of electronics industry in India, explores taken by the current central government efforts to promote electronics system design and IT hardware manufacturing in the country.