Chaitanya AwasthiAIR 37 · CSE 2022 · 179 wordsTheir whole copy
Opening
Semi-conductors are perhaps the most important ingredients in today's rapidly digitizing economies, advent of information economy, growth of AI etc.
Body · points and prose
Need for Self-Reliance: ↳ India currently imports almost all of its semiconductor requirements. ↳ Spike in demand of gadgets during COVID and corresponding hoarding, US-China trade war and aftermath of sanctions exposed India's vulnerability to global supply chain disruptions. ↳ Ensure security of critical infrastructure through indigenous products and digital independence.
Opportunities: ① According to Ministry of Electronics and Information Technology (MeitY), Indian semiconductor market is expected to grow from $15 billion (2020) to $60 billion (2026). (2) Increasing digital penetration and economy will increase demand for digital goods in India. (3) Push to e-Vehicles and Work From Home culture will augment demand of semiconductor. (4) Multiplier Effect through revenue generation and employment creation. (5) Technological leadership by harnessing the potential of 20% of design engineers.
Way Forward
Close · a way forward
↳ Strengthen Design Linked Incentive scheme, Semicon India Program, India Semiconductor Mission and other efforts. ↳ Implement National Policy on Electronics, 2019, Chips to Startup etc. ↳ Strengthen IPR regime etc.