India's Semiconductor Market Projected to Hit USD 300 Billion by 2035: Report

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India's Semicon Market to Hit USD 300 Billion by 2035: Deloitte Report

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News18•18-03-2026, 00:15

India's Semicon Market to Hit USD 300 Billion by 2035: Deloitte Report

•India's semiconductor market is projected to reach USD 120 billion by 2030 and USD 300 billion by 2035.
•Growth is driven by AI adoption, automotive sector expansion, and data center growth.
•Local production expected to meet over 60% of domestic demand by 2035, a significant shift from current 90% import dependency.
•Government's India Semiconductor Mission (ISM) has attracted over USD 19 billion in manufacturing investments.
•The sector is forecast to create approximately 2 million employment opportunities by 2035.

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