The Indian semiconductor market is likely to see considerable development in the next decade, with its value being estimated at around $200 billion by 2035, according to a newly launched roadmap by the NITI Frontier Tech Hub.
Currently, almost 90-95% of India’s semiconductor needs are met through imports from foreign nations. India has invested about $150 billion in purchasing semiconductors during FY2017–FY2025. If this dependency persists, then India will have to invest $240 billion annually in purchasing semiconductors till 2035.
The roadmap, launched in the presence of Finance Minister Nirmala Sitharaman and Electronics & IT Minister Ashwini Vaishnaw, presents a framework to help develop an Indian semiconductor ecosystem valued at $120 billion – $150 billion by 2035. The roadmap is centred on research & innovation, policy support, manufacturing, talent development, and global partnerships.
One of the important landmarks on this path is India’s first semiconductor fabrication facility, which is expected to commence production in 2028. The nation has already made a name for itself in chip design, where Indian engineers contribute up to nearly 20% of the world’s semiconductor design talent pool.
For faster growth, the plan is to focus on high-potential areas, including advanced packaging, compound semiconductors, chip design, and Silicon Carbide (SiC) and Gallium Nitride (GaN). The roadmap also focuses on making India one of the top three centres for Outsourced Semiconductor Assembly and Test (OSAT) and advanced packaging globally by 2035.
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As far as self-reliance is concerned, the roadmap aims at achieving 15-25% self-sufficiency in chip production by 2030 and 35-50% by 2035. According to the report, semiconductors are not just a crucial part of technology; they have become essential to economic growth, security, and competitiveness. It is believed that there is a good chance that India can go beyond being one of the largest semiconductor consumers and become a global semiconductor hub.
