India's semiconductor market is projected to hit $155 billion by CY31, growing at a 20% CAGR and increasing its global consumption share to 9%, per Kotak Mahindra Mutual Fund.
India's share in global semiconductor consumption will rise
Aug 24, 2026
03:17 pm
What's the storyIndia's semiconductor market is expected to grow at a compound annual growth rate (CAGR) of 20% and hit $155 billion by 2031, a report by Kotak Mahindra Mutual Fund has said.
The growth will increase India's share in global semiconductor consumption to nearly 9% by 2031.
India's semiconductor market seen reaching $155 billion by 2031: Report
India semiconductor market: India's semiconductor market seen reaching $155 billion by CY31, share of global consumption to rise to 9%: Report - The Economic Times
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India's semiconductor market is set to reach $155 billion by 2031, driven by demand, government support, and manufacturing growth.
India's semiconductor market is projected to reach USD 155 billion by CY31, implying a compound annual growth rate (CAGR) of 20…
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