Semiconductor mission: The progress so far

India is a rapidly growing consumer of semiconductors. Its market was worth $22 billion in 2019 and is expected to nearly triple to $64 billion by 2026, according to Counterpoint Technology Market Research. The Government of India (GOI) estimates that the market size could be $110 billion by 2030, which would be 10 per cent of the world demand. About 20 per cent of the world's semiconductor design engineers are from India.