Indian semiconductor market to touch $36.3b by 2015

The Indian semiconductor market is expected to touch $36.3
billion by 2015. This growth would be fueled by increased consumption of
electronic equipment in India, which is expected rise to $363 billion by 2015
from $28.3 billion at a CAGR of 29.8%. The semiconductor driven industry is also
expected to create over 3.4 million jobs by 2015.

These were some of the findings of the India Semiconductor
Association (ISA), Frost and Sullivan report on the Indian semiconductor
industry. The report also estimated that the contribution from this sector would
grow to more than 12% in 2015, from about 2% in 2005, creating a much larger
impact on the economy of the country.

The two reports, 'India Semiconductors Market, 2005-15:
Growth, Trends and Forecasts' and 'India Semiconductors and Embedded Design
Market, 2005-15: Growth, Trends and Forecasts', were released by Cabinet
Minister for Science & Technology and Ocean Development Kapil Sibal.