India's semiconductor market is projected to nearly triple to $120 billion by 2030 and reach $300 billion by 2035, driven by the exponential adoption of Artificial Intelligence (AI), automotive growth, and data centre expansion, according to a report by Deloitte. "India's semiconductor market is estimated at $45-50 billion in FY2024-25 and has been growing at a CAGR of 20% over the past three years. The market is predicted to reach $120 billion by 2030 and $300 billion by 2035, driven by AI, automotives, data centres, and electronics manufacturing. Another 18-20 proposals with a total investment of $20-25 billion are currently in the pipeline at various stages, Deloitte pointed out. "Over the next five years, the semiconductor industry in India is predicted to attract an additional $50 billion in capital investment," the report stated, adding that another $75-80 billion investment is expected between 2030 and 2035 that will enable ecosystem expansion.

Source: The Hindu March 18, 2026 22:56 UTC