India is emerging. This Asian country, the most populated on the planet, has very important economic capacity and relevance. According to the International Monetary Fund, its economy is one of the fastest growing, with a forecast of expansion of the 6.2% in 2025 and 6.3% for 2026. Other great economies, such as the US or China, are checking their growth forecast by 2025 and 2026, but India no. He advances day after day as an authentic summary.
One of the pillars that support their economic growth is their domestic consumption. 31% of its population, which currently touch the 1,464 million people, has an average level of income, and the forecasts of the Indian government estimate that this percentage will increase to 38% in 2031. If this trend persists in 2047 the middle class in India will agglutinate no less than 1,000 million people. However, the authentic engine of the growth of this country, and the reason why the middle class is expanding, is the policy of incentives linked to the production that the administration has deployed.
This strategy seeks to develop and modernize Indian manufacturing capabilities, as well as boost exports. And it is working. Since the Government launched it in March 2020, this plan has generated 1.15 million jobs. And, in addition, it has impacted in a very positive way in the following key sectors: electronics, electric cars, integrated and industrial automation systems, pharmaceutical and biotechnological products, drones, data centers and chemicals. They reside in the strength of this country.
India wants to be the new Taiwan in the semiconductor industry
One of the sectors that is giving India the most joys in recent years is dedicated to the manufacture of electronic products. In 2024 he invoiced 115,000 million dollars, and the government foresees that this figure will triple in 2027. This enormous impulse is mainly supported by the Semicon India program, which seeks to drastically develop India’s relevance in the manufacturing industry of integrated circuits. To achieve this, this plan pursues to attract foreign investment, and in recent years he is going like silk.
India is preparing to be a very relevant actor in the semiconductor industry
Apple, Amazon, Google or Microsoft are some of the large technology companies that are already present in India. And AMD and Foxconn will be soon. It is evident that this country is strong, and, according to Digitimes Asia, is preparing to be a very relevant actor in the semiconductor industry at a juncture that in the medium or long term It can unfavorable Taiwan. According to the Consultant Deloitte, the Market of Integrated Circuits of India will exceed 55,000 million dollars in 2026, and to achieve this, the Government intends to attract as many chip manufacturers as I can.
The American company Micron Technology, which is especially dedicated to the manufacture of memory chips, will have a very important role in the future of the Indian semiconductor industry. And he will have it because he has launched an avant -garde plant in the town of Sanand, which belongs to the state of Gujarat. Even so, according to Eric Chen, who is an analyst and researcher of the integrated circuit industry, India will take a decade to achieve mass production of 28 Nm chips. This is what aspires in the medium term. Its main challenge is to put the plants necessary to achieve this goal with agility, and a avant -garde chip factory takes no less than four years to be fully operational.
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