Global Markets
Home›Global Markets›Asia›Semiconductors and deeptech seen as $500B to $1T oppor…
Semiconductors and deeptech seen as $500B to $1T opportunity for India
Piper Serica’s Ajay Modi points to government support including the India Semiconductor Mission 2.0 and a strategic package totaling ₹2.19 lakh crore, plus private space and chip design capabilities as signals of investor confidence.
India’s next phase of economic growth could be shaped by semiconductors, spacetech, and deeptech, according to Ajay Modi, Director at Piper Serica. Modi said the sectors could combine to create a $500 billion to $1 trillion market opportunity for the country.
Modi argues the shift is attracting more capital because India is moving from primarily consuming advanced technologies to building them, changing where long term investment flows. He also said “smart money” is increasingly targeting these areas as they align with India’s economic, technological, and manufacturing ambitions.
The outlook is supported by policy spending, Modi said, including the ₹1.28 lakh crore India Semiconductor Mission (ISM) 2.0, the ₹62,500 crore Mobile Phone Manufacturing Scheme, and a broader ₹2.19 lakh crore strategic package. He added that Indian companies have demonstrated capabilities such as private space mission launches and work on semiconductor chips and advanced electronic components.
According to Modi, the most compelling opportunities arise when policy support, private capital, and technological capability reinforce one another, a balance he said India is entering now. He also suggested the current cycle differs from earlier “high conviction bets” because the industries are increasingly becoming strategic, central sectors for India’s growth.