As India's semiconductor industry scales up, its adoption of artificial intelligence (AI) is projected to generate $1.7 trillion in economic value by 2035 and reshape industries across the economy, a new report has said. A KPMG report, launched at the World Economic Forum 2026 in Davos, said that India's responsible AI scaling gained support from robust data governance frameworks, sectoral adoption in healthcare, agriculture, education, and defence, and the creation of the IndiaAI Safety Institute. "India's emergence as a pivotal force in global trade, technology, and sustainability is underpinned by bold investments in semiconductor manufacturing and rapid adoption of artificial intelligence (AI)," the report said. All about ETCIO industry right on your smartphone! Download the ETCIO App and get the Realtime updates and Save your favourite articles.

Source: Economic Times January 22, 2026 10:03 UTC