India’s semiconductor market is poised for significant growth, with projections indicating an increase from $52 billion in 2024 to $103.4 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13%. This expansion is driven by key sectors such as mobile handsets, information
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The Ministry of Electronics and Information Technology (MeitY) is preparing to seek cabinet approval for a ₹40,000 crore package aimed at bolstering electronic components manufacturing in India. This initiative is part of the government’s vision to position India as a global hub for electronics production. Strengthening Domestic Production The package is expected to