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.

This article was originally published on September 01, 2024.