In May 2026, India’s public policy think tank NITI Aayog published Future of India’s Semiconductor Industry, a 65-page report detailing the strategy for building a $120 billion to $150 billion semiconductor value chain by 2035. The report lays out a roadmap centered on areas considered critical to India’s economic growth and strategic autonomy, including mature-node logic, specialty analog and mixed-signal chips, and compound semiconductors such as silicon carbide and gallium nitride.
The report highlights that India should play to its strengths in chip design talent, a skilled workforce, and the potential of its materials and chemistry ecosystem. It states: “Building on these advantages, it should aim to emerge as a global leader in semiconductor design and system architecture, a top-three destination for outsourced semiconductor assembly and test (OSAT) and advanced packaging and a trusted supplier of critical semiconductor materials, particularly wide-bandgap and advanced packaging materials. In these domains, India should aspire to set standards, shape supply chains and create enduring global dependence, rather than limit itself to mere participation.”
