India's Semiconductor Market Growth and Challenges Amid Policy Initiatives

India's semiconductor market is projected to nearly double to $103 billion by 2030, driven by AI, electric vehicles, and defense modernization. Despite government initiatives like the India Semiconductor Mission and significant budget allocations, challenges remain in manufacturing capabilities, supply chain localization, and indigenous technology development. Experts emphasize the need for operational readiness and infrastructure expansion to reduce heavy import dependence and capitalize on emerging opportunities in design, fabrication, and assembly sectors.