India's semiconductor market to reach $300 billion by 2035: Deloitte report
GS3अर्थव्यवस्था · विज्ञान-तकनीक · पर्यावरण · सुरक्षा· Industry, investment & MSMEs· Prelims + Mains·
चर्चा में क्यों
Deloitte released a report predicting India's semiconductor market will reach $300 billion by 2035, driven by AI, automotive growth, and data center expansion.
पृष्ठभूमि
The India Semiconductor Mission (ISM) is supporting the sector with over $19 billion in manufacturing investments across 10 approved projects. The market is projected to reach $120 billion by 2030 and create two million jobs by 2035.
प्रीलिम्स के लिए तथ्य
- तथ्यIndia's semiconductor market is projected to reach $300 billion by 2035.
- तथ्यIndia's semiconductor market is projected to reach $120 billion by 2030.
- तथ्यThe India Semiconductor Mission (ISM) has over $19 billion in manufacturing investments across 10 approved projects.
- तथ्यThe semiconductor industry is projected to create two million jobs by 2035.
- संस्थाIndia Semiconductor Mission (ISM) is the primary body supporting semiconductor manufacturing in India.
मेन्स के लिए
Q. Discuss the significance of the semiconductor industry in India's technological sovereignty and the role of the India Semiconductor Mission in achieving these goals.
उत्तर के आयाम
- Infrastructure bottleneck: Requirement for high-purity water and stable power grids for fabrication units
- Inter-state coordination: Need for streamlined land acquisition and state-level incentives for manufacturing hubs
- Skill gap: Requirement for specialized workforce in high-end design services and lithography
कीवर्ड: Technological Sovereignty · Value Chain · Policy Execution · Capital Intensive · Strategic Autonomy
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