New Delhi, March 18 -- India's semiconductor sector is poised for a major transformation, moving from a USD 50 billion import-dependent market to a USD 300 billion self-reliant semiconductor ecosystem by 2035, according to a report by Deloitte.

The report noted that the semiconductor market in India is expected to grow significantly in the coming years.

It stated, "The market is predicted to reach USD 120 billion by 2030 (from USD 45-50 billion in FY2024-25) and USD 300 billion by 2035, driven by AI, automotives, data centers and electronics manufacturing."

India is currently heavily dependent on imports, with more than 90 per cent of its semiconductor requirements sourced from global supply chains. However, this dependence is expected...