Semicon 2.0: India's Next Phase in the Global Chip Race

On July 15, 2026, the Union Cabinet approved Semicon 2.0, the second phase of India's semiconductor policy, with a fiscal outlay of ₹1,27,500 crore (roughly $13.3 billion). While the numbers look good, I believe it’d be good to look at what Semicon 2.0 actually proposes, how it builds on its predecessor, and where there are gaps, still.