Expert view, July 26 -- Ajay Modi, Director at Piper Serica - a Mumbai-based, SEBI-registered Category I and Category II Alternative Investment Fund (AIF), believes semiconductors, spacetech, and deeptech industries have the potential to create $500 billion to $1 trillion worth of market opportunity and shape India's next phase of economic growth. Modi said smart money is moving into these sectors as they are becoming increasingly central to India's economic, technological and manufacturing ambitions. Edited excerpts:

For the first time in decades, India is not just consuming advanced technologies-it is building them. That distinction is fundamentally reshaping where long-term capital is flowing.

A few years ago, sectors such as semicon...