India must fast-track chip self-reliance as import bill and security risks mount, says NITI Aayog

India must speed up its domestic chip manufacturing efforts. Self-reliance in semiconductors is crucial for the nation's economy and security. Global supply chains are shifting, creating a limited opportunity for India to become a key player. Developing this sector will lower costs for advanced technologies and safeguard defense programs. This is vital for India's progress.

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