India’s Semiconductor Market Poised to Exceed $100 Billion by 2030

India's semiconductor market is projected to surpass $100 billion by 2030, driven by production-linked incentives (PLI), design-linked incentives (DLI), and modernization of the Semi-Conductor Laboratory in Mohali, as stated by Union Minister Jitin Prasada. From a market value of $38 billion in 2023, the industry is expected to grow at a 16% CAGR. Key initiatives include Tata Electronics' upcoming semiconductor fab in Gujarat, which will