Summary
More chips will be needed for phones, cars, factories, and new technology like artificial intelligence.
India already designs many chips and wants to build factories to make them at home.
Growth projected: three‑fold increase by 2035.
Current value: roughly 64 billion dollars; target: about 200 billion dollars.
Consumer electronics use about 30% of chips, automotive 16%, industrial 15%.
India imports many chips, showing a chance to produce them locally.
The country has about 20% of the world’s chip design engineers.
More chips will be needed for phones, cars, factories, and new technology like artificial intelligence.
India already designs many chips and wants to build factories to make them at home.
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