India’s semiconductor push to drive $300 billion market by 2035: Report
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The semiconductor sector is a strategic focus for India, aiming for self-reliance and technological advancement. This growth will significantly impact related sectors like automotive and IT, which rely heavily on semiconductor components.
Trading Insight
Key Evidence
- •India's semiconductor market is projected to reach USD 300 billion by 2035.
- •Local production is expected to meet over 60% of domestic demand soon.
- •Expansion is fueled by AI, automotive, and data center growth.
- •The sector is attracting significant investment and is expected to create millions of jobs.
- •Risk flag: Global supply chain disruptions could still impact raw material availability.
Affected Stocks
Direct beneficiaries of increased domestic production and market growth.
Offers engineering and R&D services, including semiconductor design and embedded systems, directly benefiting from sector expansion.
Specializes in embedded software and product engineering for the automotive industry, a key driver for semiconductor demand.
Major IT services provider with engineering and R&D capabilities, likely to benefit from the overall tech sector growth driven by semiconductors.
Leading automotive manufacturer; benefits from improved domestic semiconductor supply chain stability and potential cost efficiencies.
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