India's consumer electronics market is experiencing rapid growth, projected to reach USD 21.18 billion by 2025, underpinned by its status as the second-largest smartphone market globally with over 1.3 billion users. As a significant player in the Asia Pacific electronics sector, India boasts a burgeoning talent pool in chip design and embedded software. The electronics export sector has expanded markedly, growing from USD 5.7 billion in 2014-15 to USD 29.1 billion, reflecting a CAGR of 22.7%. Further bolstered by the Production-Linked Incentive (PLI) Scheme for electronics, which has approved 32 companies for investments totalling USD 1.36 billion, India is poised to achieve a production target of USD 1,286.75 billion by 2024.

India's semiconductor industry is at a critical juncture, poised for substantial growth, driven by domestic demand, government policies, and investments in advanced manufacturing technologies. The global semiconductor market, valued at $38 billion in 2023, is projected to grow to $109 billion by 2030, highlighting the significant opportunities in India. India's largest OSAT (Outsourced Semiconductor Assembly and Test) facility located in Jagiroad with a capacity to produce 48 million chips per day.

• Semicon India Programme: With a financial outlay of ₹76,000 crore, this initiative is driving large-scale investments into semiconductor fabrication (fabs), display fabs, and advanced manufacturing facilities.
• Complementary schemes like the PLI for Electronics Manufacturing further bolster India’s manufacturing prowess in high-tech industries.
• India’s growing digital economy, including sectors like automotive, telecom, consumer electronics, and mobile devices, is spurring demand for semiconductors.