New Delhi, Aug. 8 -- India is emerging as a major force in the global semiconductor race, with its market projected to skyrocket from USD 38 billion in 2023 to an impressive USD 100-110 billion by 2030. Globally, the semiconductor industry is on track to hit the USD 1 trillion milestone within the same period, and India is set to claim a sizable share of that growth.
Driving this surge is a perfect blend of rising domestic electronics demand and ambitious government initiatives such as the India Semiconductor Mission (ISM), Production-Linked Incentive (PLI), and Design-Linked Incentive (DLI).
Industry experts highlight India's strong potential to strengthen all three key pillars of the semiconductor supply chain - equipment, materials, an...