New Delhi, April 14 -- April 14 The Indian semiconductor industry's revenues are likely to double from $54 billion to $108 billion between 2025 to 2030, according to a report by financial services firm UBS. The report expects India to gain amid the US-China tariff war that will put the communist giant at a disadvantage and see India emerging as a stronger alternative for global giants looking to set up supply chains.

The report sees strong growth ahead for the market, including a localisation opportunity, which is expected to generate $13 billion in revenues in 2030. UBS said this 15 per cent compound annual growth rate (CAGR) estimate is faster than our forecast for the global semiconductor end market thanks to India's favourable demog...