India’s semiconductor market to hit $103 billlion by 2030, fuelled by AI, EVs, and defence

India’s semiconductor market is set to nearly double to $103bn by 2030, driven by AI, electric mobility and defence modernisation. Data centre capacity will jump from 1.5 GW to 9 GW, while the IndiaAI Mission exceeds GPU targets. Despite growth, the ecosystem still relies heavily on imports and faces capability gaps.