New Delhi, April 7 : The Indian electronics and hardware industry is expected to grow at a compound annual growth rate of 13-16 percent to reach $112-130 billion by 2018 from the current level of $75 billion, a study has said. The CAGR of 13-16 percent during 2013-18 is expected to be on the back of rising demand, growing disposable incomes, declining prices of electronics, wider broadband connectivity and e-governance programmes, said the study, 'Turning the Make in India dream into a reality for electronics and hardware industry', conducted by Assocham and Ernst and Young .