India Aims to Hold $1-tn Semiconductor Market Share

• Prime Minister Narendra Modi promises faster approvals for India’s semiconductor manufacturing.

• The Indian government is working on the next phase of the India Semiconductor Mission.

• Despite global self-interest, India has achieved a GDP growth rate of 7.8%.

• In 2025, five more projects were granted clearance, totaling 10 projects.

• These projects have drawn a combined investment of $18 billion or ₹1.5 lakh crore.

• Modi views semiconductor chips as the “digital diamonds” and the most important economic drivers of the 21st century.

Semiconductor Manufacturing India is important topic for Civil service exam (WBCS).

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