News Article
Indian growth to dramatically slow
According to a report from the India Semiconductor Association (ISA) and Frost and Sullivan (F&S) the Indian semiconductor industry will only grow half of previous predictions.
An industry report put out by the ISA and F&S states that the decline in CAGR, from 26.7 per cent, in the earlier report of 2007, to 13.4 per cent, in the current report, is on account of revised investment and manufacturing scenario seen in the second half of 2008.
According to the report, the total revenues of the Indian semiconductor market (Total Market - TM) is poised to grow from $5.9 billion in 2008 to $7.59 billion in 2010 at a CAGR of 13.4 per cent. The total market for semiconductors is the total consumption of semiconductors in India, in any form (can be purchased locally, imported as part of Completely Knocked Down or Semi Knocked Down, imported as a complete product), by any source (Sources are directly from semiconductor company offices in India, distributor sales, direct imports etc) and in either currency (US$ or Indian rupee).
According to the report, the total revenues of the Indian semiconductor market (Total Market - TM) is poised to grow from $5.9 billion in 2008 to $7.59 billion in 2010 at a CAGR of 13.4 per cent. The total market for semiconductors is the total consumption of semiconductors in India, in any form (can be purchased locally, imported as part of Completely Knocked Down or Semi Knocked Down, imported as a complete product), by any source (Sources are directly from semiconductor company offices in India, distributor sales, direct imports etc) and in either currency (US$ or Indian rupee).