Semiconductor scarcity and its Impact on the Indian Market: Dr Abhinandan Ballary

Like taxes are to any government, semiconductors play a crucial role in the modern economy. The use of semiconductors is required by practically every electronic business, just as every government requires taxes; thus, this analogy may not be the greatest to make between these two significant economic engines.

Therefore, it is crucial to take into account the current developments in the sector, which have been negatively impacted by shortages, price increases, and a spiraling effect on output and consumption among both individuals and industries. As a means of addressing the shortages and enhancing national security, governments of various regions have been supporting businesses looking to build semiconductor facilities.