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Date: 25-07-14

India semiconductor market is forecasted to reach $52.8B by 2020

A market research company called NOVONOUS has forecasted the semiconductor Industry in India to reach $52.8 Billion by 2020. NOVONOUS finds that the semiconductor industry is estimated to grow from $10.02 billion in 2013 to $52.58 billion in 2020 at CAGR of 26.72%.

The release in Markets and Markets quotes "Semiconductor industry is 100% import based with India importing semiconductors worth $10 billion in 2013. Since In 2013, India spent $169 billion on oil imports, $54 billion on gold imports and $31.5 billion on electronic imports. "

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