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flag India's semiconductor market is projected to double by 2030, driven by government support and sector growth.

flag India's semiconductor market, valued at $52 billion in 2024-25, is projected to grow at a 13% CAGR to $103.4 billion by 2030, driven by government incentives and growth in sectors like automotive and industrial electronics. flag Mobile handsets and IT applications contribute nearly 70% of revenue. flag The government aims to reduce import dependency and establish local manufacturing through initiatives like the India Semiconductor Mission and production-linked incentives.

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