India, March 26 -- India's semiconductor industry is at a developing stage but is seeing strong momentum, supported by government initiatives and rising demand. The market is expected to grow to $300 billion by 2035, driven by sectors like smartphones, consumer electronics, electric vehicles, telecom, and data centres. Currently dependent on imports, India is aiming to build a self-reliant semiconductor ecosystem while leveraging its strong base in chip design and engineering talent.

Market Size and Growth Outlook The semiconductor market in India is expected to grow significantly from an existing market size of $120 billion in 2030 to reach $300 billion by 2035. This demonstrates significant growth prospects for the semiconductor indust...