India imported $33.9 billion in semiconductor components in 2023, meeting 75% of its demand. The domestic market is forecast to grow at a 12.5% annual rate, driven by policy incentives and a large electronics manufacturing base.
Key Takeaways
- 75% of India’s semiconductor demand was still met through imports (commonly cited import-dependency share in industry policy/briefs).
- India’s smartphone shipments were 152 million units in 2023 (market tracking by Counterpoint Research).
- India’s handset market saw 5G feature-phone shipments reach 9 million units in 2023 (Counterpoint Research tracker).
- US$ 18.2 billion was India’s EMS and electronics components market size in 2023 (as reported by industry market trackers aggregated in trade research).
- US$ 40 billion was reported as India’s ESDM market opportunity by 2027 (industry forecast figure).
- India’s total semiconductor-related imports were US$ 33.3 billion in 2022 (import value for semiconductors and semiconductor devices as reported by ITC Trade Map and UN Comtrade-aligned reporting).
- Global fab investment announcements in 2023 included multiple equipment orders for leading-edge nodes, with India positioned to attract such investments via Semicon India incentives (industry investment outlook).
- ₹76,000 crore (approximately US$9–10 billion) was earmarked under the India Semiconductor Mission/“Design Linked Incentive” and related incentive components to build the semiconductor/EDA/design ecosystem.
- ₹17,000 crore (approximately US$2+ billion) was approved for PLI schemes under the Electronics Manufacturing cluster to support high-value electronics manufacturing capacity creation.
- 34 semiconductor/related policy interventions were identified in India’s Electronics & IT Strategy documents and subsequent industrial policy announcements, covering manufacturing, design, and ecosystem development.
- As of 2024, India had 3 semiconductor wafer fabrication facilities under active/announced development pipeline that target commercial manufacturing timelines (capacity buildout state).
- India’s chipmaking ecosystem includes 2 major fabs in planning/implementation stages for 200 mm and/or advanced nodes depending on site configuration (development footprint).
- The Indian Rupee depreciated by about 5–7% against the US dollar during 2023–2024, affecting the local cost base of imported chip components.
- Credit growth to services and manufacturing improved in 2023 as monitored by RBI; this affects industrial capex for electronics and semiconductor-adjacent manufacturing equipment.
India still imports most semiconductors, but incentives and electronics demand are accelerating ecosystem growth.
Related reading
01 · Category
Industry Trends10 stats
01
75% of India’s semiconductor demand was still met through imports (commonly cited import-dependency share in industry policy/briefs).
02
India’s smartphone shipments were 152 million units in 2023 (market tracking by Counterpoint Research).
03
India’s handset market saw 5G feature-phone shipments reach 9 million units in 2023 (Counterpoint Research tracker).
04
India is among the largest outsourcing destinations for semiconductor design and verification services, with design centers across major metros (vendor research mapping).
05
India’s semiconductor manufacturing base is still nascent, with only limited commercial wafer fabrication capacity operating domestically (as assessed in global fab capacity trackers for India).
06
India’s manufacturing sector contributed 16.5% of GDP in 2023 (improves readiness for downstream electronics and chip demand).
07
India’s domestic electronics sector (registered production units under large-scale electronics manufacturing schemes) increased by 1.6x between 2014 and 2022 as monitored by the implementing agencies.
08
The share of electronics in India’s manufacturing value-add rose to about 2.9% by 2022 (structural shift toward electronics).
09
India’s data center build-out is on track for double-digit annual growth; IT infrastructure investment is expected to rise sharply through 2026, supporting semiconductor demand via servers, networking, and storage.
10
India’s server shipments were forecast to grow at a strong CAGR through 2026 according to major ICT market forecasts, indicating sustained compute hardware demand.
Interpretation
Industry Trends Interpretation
Even as India’s smartphone shipments reached 152 million units in 2023 and electronics manufacturing grew 1.6x from 2014 to 2022, the industry trend lens shows how heavily the semiconductor supply chain still leans on imports with about 75% of demand met externally, even while data centers are set for double digit growth and server hardware demand keeps rising through 2026.
02 · Category
Market Size12 stats
01
US$ 18.2 billion was India’s EMS and electronics components market size in 2023 (as reported by industry market trackers aggregated in trade research).
02
US$ 40 billion was reported as India’s ESDM market opportunity by 2027 (industry forecast figure).
03
India’s total semiconductor-related imports were US$ 33.3 billion in 2022 (import value for semiconductors and semiconductor devices as reported by ITC Trade Map and UN Comtrade-aligned reporting).
04
India imported US$ 33.9 billion of semiconductor devices in 2023 (latest annual value for HS 8542-like category reported in trade data).
05
CAGR of 12.5% is projected for India’s semiconductor market during 2024–2029 (forecast CAGR stated by market research).
06
India’s electronics manufacturing turnover increased from Rs. 1.2 trillion in 2014 to Rs. 3.6 trillion in 2022 (growth reported in government electronics sector review).
07
India’s exports of electrical machinery and equipment were US$ 26.1 billion in 2022 (trade data indicating downstream electronics demand inputs).
08
India’s imports of HS 8542 (Electronic integrated circuits/microassemblies in HS framing) were reported at about US$ 33.9 billion in 2023 (trade data via UN Comtrade).
09
India’s electronics exports were US$ 22.8 billion in FY 2022–23, indicating a large outbound channel for downstream electronics that increases component demand.
10
India’s electronics imports were US$ 67.1 billion in FY 2022–23, showing persistent import dependence for electronics value chains.
11
India’s smartphone market was valued at roughly US$ 32–35 billion in 2023 (carrier/channel data aggregated by reputable industry tracker organizations).
12
India’s semiconductor design services are export-oriented; exports of electronics and software services remain among India’s top trade flows for technology-intensive work.
Interpretation
Market Size Interpretation
India’s semiconductor and electronics market is large and still import-heavy, with semiconductor-related imports hitting US$ 33.3 billion in 2022 and US$ 33.9 billion in 2023, while forecasts point to rapid growth toward a US$ 40 billion ESDM opportunity by 2027, underscoring strong Market Size momentum alongside ongoing demand for components.
03 · Category
Policy & Investment1 stats
01
Global fab investment announcements in 2023 included multiple equipment orders for leading-edge nodes, with India positioned to attract such investments via Semicon India incentives (industry investment outlook).
Interpretation
Policy & Investment Interpretation
In 2023, as global fab investment announcements added multiple equipment orders for leading edge nodes, India’s Semicon India incentives create a clear policy driven pathway to attract that type of investment.
More related reading
04 · Category
Government Policy3 stats
01
₹76,000 crore (approximately US$9–10 billion) was earmarked under the India Semiconductor Mission/“Design Linked Incentive” and related incentive components to build the semiconductor/EDA/design ecosystem.
02
₹17,000 crore (approximately US$2+ billion) was approved for PLI schemes under the Electronics Manufacturing cluster to support high-value electronics manufacturing capacity creation.
03
34 semiconductor/related policy interventions were identified in India’s Electronics & IT Strategy documents and subsequent industrial policy announcements, covering manufacturing, design, and ecosystem development.
Interpretation
Government Policy Interpretation
Government policy is clearly accelerating India’s semiconductor push, with ₹76,000 crore earmarked through the India Semiconductor Mission and related design-linked incentives, ₹17,000 crore approved via PLI for electronics manufacturing clusters, and 34 semiconductor and ecosystem policy interventions identified across national strategy and industrial announcements.
05 · Category
Capacity & Footprint2 stats
01
As of 2024, India had 3 semiconductor wafer fabrication facilities under active/announced development pipeline that target commercial manufacturing timelines (capacity buildout state).
02
India’s chipmaking ecosystem includes 2 major fabs in planning/implementation stages for 200 mm and/or advanced nodes depending on site configuration (development footprint).
Interpretation
Capacity & Footprint Interpretation
As of 2024, India’s capacity and footprint are still in early formation with just 3 semiconductor wafer fabrication facilities in the active or announced pipeline targeting commercial timelines, alongside 2 major fabs progressing across 200 mm and advanced node configurations.
06 · Category
Cost Analysis2 stats
01
The Indian Rupee depreciated by about 5–7% against the US dollar during 2023–2024, affecting the local cost base of imported chip components.
02
Credit growth to services and manufacturing improved in 2023 as monitored by RBI; this affects industrial capex for electronics and semiconductor-adjacent manufacturing equipment.
Interpretation
Cost Analysis Interpretation
For the cost analysis lens, India’s rupee slid 5–7% against the US dollar in 2023 to 2024, raising the local cost base of imported chip components just as RBI reported improving credit growth for services and manufacturing in 2023, which could lift capex for electronics and semiconductor adjacent equipment.
report visual · Comparison
India semiconductor & electronics demand: import dependence and market momentum
India remains highly import-dependent for semiconductors, while device shipments and forecast market growth point to sustained compute and electronics demand.
Semiconductor devices imports (2023)$33.9 billion
Semiconductor-related imports (2022)$33.3 billion
Smartphone shipments (2023)152
Import dependence of semiconductor demand (share met via imports)75%
Semiconductor market forecast CAGR (2024–2029)12.5%
source-verifiedindia-briefing.com · trademap.org · counterpointresearch.com · mordorintelligence.com2024
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Stefan Wendt. (2026, February 13). Indian Semiconductor Industry Statistics. Gitnux. https://gitnux.org/indian-semiconductor-industry-statistics
MLA
Stefan Wendt. "Indian Semiconductor Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/indian-semiconductor-industry-statistics.
Chicago
Stefan Wendt. 2026. "Indian Semiconductor Industry Statistics." Gitnux. https://gitnux.org/indian-semiconductor-industry-statistics.
Sources & references
30 datasets cited across this report · attribution is report-level
+9 additional datasets cited (not shown individually)