New Delhi, Sept. 19 -- India's semiconductor market is projected to reach USD 200 billion by 2035 from around USD 64 billion in 2026, as the country moves beyond building manufacturing capacity towards developing an integrated semiconductor ecosystem, according to a report by EY and the India Electronics and Semiconductor Association (IESA).

The report said India's semiconductor market has grown from approximately USD 27 billion in 2021 to around USD 64 billion in 2026. The expansion, coupled with global supply-chain realignment and growing demand for semiconductors across AI, digital infrastructure, mobility and advanced manufacturing, is creating an opportunity for India to deepen its participation in global semiconductor value chains....