India's semiconductor market projected to exceed $100bn by 2030, driven by government initiatives and digital demand.

India's semiconductor market is expected to exceed $100 billion by 2030, fueled by government initiatives like the production-linked incentive scheme and rising demand for digital infrastructure. Valued at $45 billion in 2021, the market is growing at a CAGR of 13%. The government’s $9.1 billion 'Semicon India' program aims to enhance local manufacturing. India's engineering talent is also seen as key to addressing the global semiconductor workforce shortage.

October 16, 2024
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