India semiconductor market seen at USD 200 billion by 2035: EY-IESA

India’s semiconductor market is projected to grow more than threefold, from nearly USD 64 billion in 2026 to USD 200 billion by 2035, as domestic electronics demand, chip design capabilities, and new manufacturing investments reshape the country’s semiconductor ecosystem. The projection comes from the EY–India Electronics and Semiconductor Association (IESA) report, Semicon India 2.0: From capacity creation to ecosystem leadership , which argues that India’s next phase will depend on converting