India's Semiconductor Surge: Market Set to Skyrocket to $103.4 Billion by 2030

India's semiconductor market is poised for explosive growth, with projections indicating a surge from $52 billion in 2024-25 to a staggering $103.4 billion by 2030. This remarkable 13% CAGR is driven by key sectors including mobile handsets, IT, and telecommunications. The government's targete...

India's semiconductor market is poised for explosive growth, with projections indicating a surge from $52 billion in 2024-25 to a staggering $103.4 billion by 2030. This remarkable 13% CAGR is driven by key sectors including mobile handsets, IT, and telecommunications. The government's targeted incentives and increased R&D investments are fueling this growth, with IESA member companies committing over $21 billion in investments last year alone. As India positions itself as a global semiconductor hub, the industry is set to play a pivotal role in the country's technological advancement and economic growth. Source: India Electronics and Semiconductor Association (IESA) report, as reported by The Financial Express.