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Critically analyze the potential impact of India’s Semiconductor Mission on the country’s global competitiveness. Highlight the key challenges in achieving self-sufficiency in the semiconductor industry.
India’s Semiconductor Mission, launched with the goal of achieving self-sufficiency in semiconductor manufacturing, is a significant step towards enhancing the country’s global competitiveness. In this analysis, we critically examine the potential impact of this mission on India’s position in the global semiconductor ecosystem. We will explore how the mission can boost India’s technological advancements, reduce dependency on foreign supply chains, and foster innovation in key sectors like electronics, automobiles, and defense. However, achieving self-sufficiency comes with significant challenges, including the need for substantial infrastructure investments, advanced R&D capabilities, and skilled workforce development. Regulatory hurdles, global supply chain disruptions, and fierce competition from established semiconductor players are also major obstacles that India must overcome. Watch the detailed analysis in our YouTube video linked below.
