India is set to play a pivotal role in addressing the semiconductor industry's workforce shortage, with global demand projected to reach 1 million positions by 2030, according to a Motilal Oswal report. India, producing 800,000 engineers annually, has expertise in software and design, essential for the semiconductor sector. The country’s semiconductor market is expected to grow at a 19.6% CAGR, reaching $80.3 billion by FY28, fueled by government initiatives and investments in design, fab, and OSAT facilities.