India, Sept. 2 -- India will start commercial semiconductor production this year itself, Prime Minister Narendra Modi said on Tuesday, touting the country as a future "global hub" for chip innovation.

"The day is not far when the smallest chip made in India will drive the biggest change in the world," he said at the inauguration of Semicon India 2025-an annual conference for India's semiconductor ecosystem-in Noida "The day is not far when the world will say 'Designed in India, Made in India, Trusted by the World'."

"The world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India."

India's semiconductor market has surged from $38 billion in 2023, to $45-50 billion in 2024-2025, w...