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India's Semiconductor Revolution: Driving Growth, Innovation, and Employment
Bisinfotech
|January 2025
India's semiconductor industry is poised to become a major player globally, with the country's semiconductor market projected to grow from USD 29.84 billion in FY2023 to USD 79.20 billion by FY2031.
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As part of its ambitious plans, according to NLB Services, India is set to create 1 million jobs across various sectors by 2026, as it strengthens its position as a semiconductor manufacturing hub. During an interaction with Vidushi, Sachin Alug, CEO, NLB Services discussed about the semiconductor market and growth.
India's semiconductor market is expected to grow significantly. How will this create job opportunities across key sectors, and what are the expected job numbers?
Ans: India's semiconductor market is positioned for substantial growth, with projections reaching USD 79.20 billion by FY2031. This growth will fuel job creation across various domains, with an estimated 1 million opportunities emerging by 2026. Key sectors like chip fabrication and design will account for 300,000 and 200,000 jobs, respectively, while roles in ATMP, software development, and system circuits will further expand workforce demand. These numbers reflect a significant requirement for skilled professionals to support India's ambitious semiconductor agenda.
What role do the government and private sector play in addressing the talent gap in the semiconductor industry, and what initiatives are helping?
This story is from the January 2025 edition of Bisinfotech.
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