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India is actively developing indigenous chips like VIKRAM 3201 and DHRUV64 to boost self-reliance in the semiconductor sector.
The Indian semiconductor market is projected to grow significantly from $38 billion in 2023 to $100-110 billion by 2030.
The Union Budget 2026-27 announced India Semiconductor Mission 2.0 (ISM 2.0), signaling continued government focus and support.
This initiative is crucial for national security, economic growth, and reducing import dependence in critical electronics.
To build a vibrant semiconductor and display ecosystem in India, making the country a global hub for electronics manufacturing and design.
Key: Provides financial incentives and support for companies investing in semiconductor fabrication, display fabrication, compound semiconductors, and design-linked incentive (DLI) schemes. The announcement of ISM 2.0 in Union Budget 2026-27 indicates an enhanced and sustained commitment to this strategic sector.
Semiconductors are materials that have electrical conductivity between that of a conductor (like copper) and an insulator (like glass). Their unique property allows their conductivity to be precisely controlled, making them ideal for manufacturing integrated circuits (chips) that power virtually all electronic devices. They are essential for processing, storing, and transmitting electronic data.
Simple Analogy: Think of semiconductors as the 'traffic controllers' of electricity. Unlike a simple road (conductor) or a blocked road (insulator), they can precisely manage and direct the flow of electrons, enabling complex operations within electronic devices.
The semiconductor mission directly supports domestic manufacturing and value addition in high-tech electronics.
Achieving self-reliance in a critical technology like semiconductors is central to the vision of a self-reliant India.
A robust indigenous semiconductor industry is fundamental to building and sustaining India's digital infrastructure and services.
Semiconductors are the core components of all electronic products, making their domestic production vital for the entire electronics manufacturing ecosystem.
GS Paper III: Indian Economy; Science and Technology – developments and their applications and effects in everyday life; Indigenization of technology and developing new technology.
General Awareness: Economy, Science & Technology, Government Schemes.
General Awareness: Economic news, Government policies, Technological advancements.
General Science, General Awareness: Technological developments, Indian economy.
General Awareness: Science & Technology, National Security, Strategic Industries.
Consider the following markets: 1. Government Bond Market 2. Call Money Market 3. Treasury Bill Market 4. Stock Market How many of the above are included in capital markets?
Answer: Only two
In the context of finance, the term 'beta' refers to
Answer: a numeric value that measures the fluctuations of a stock to changes in the overall stock market
With reference to foreign-owned e-commerce firms operating in India, which of the following statements is/are correct? 1. They can sell their own goods in addition to offering their platforms as market-places. 2. The degree to which they can own big sellers on their platforms is limited. Select the correct answer using the code given below:
Answer: 2 only
Medium to High, given the increasing strategic importance and government focus on electronics manufacturing and technological self-reliance.
A material with electrical conductivity between a conductor and an insulator, forming the basis of electronic chips.
A facility where semiconductor devices (chips) are manufactured.
A government scheme providing financial incentives for semiconductor design and manufacturing.
A government initiative to build a robust semiconductor and display ecosystem in India.
India's vision for self-reliance across various sectors, including critical technologies.