Expert view: Semiconductors, spacetech could unlock $500 bn-$1 tn market opportunity, says Piper Serica's Director

Ajay Modi, Director at Piper Serica, believes semiconductors, spacetech, and deeptech sectors could create a $500 billion to $1 trillion market opportunity and shape India's next growth phase. He noted that government initiatives including the $15.2 billion India Semiconductor Mission 2.0, the $7.4 billion Mobile Phone Manufacturing Scheme, and a broader $26 billion strategic package are reinforcing investor confidence. Both traditional business families and first-generation wealth creators are increasingly allocating capital to these themes through specialized venture funds.