A credible semiconductor ecosystem is pivotal for India's economic security as much as for national security. Analyse the strategic objectives, incentives, and institutional architecture of the India Semiconductor Mission (ISM). Identify the major risks that could derail its timelines.

India's semiconductor ecosystem is witnessing a boom under government's PLI scheme. It is a radical requirement for ensuring self-dependency in electrical board. Strategic objectives: (1) Create semiconductor ecosystem in the nation (2) Establish fabrication units to supply electrical industry. (3) Ensure "self-reliance" to ensure serial supply of semiconductors

Semiconductors are vital for safeguarding India's national interest and sovereignty. Major risks: (1) Long gestation period of the product (2) High capital expenditure requirement (3) Global supply chain shock Eg: climate monopoly (4) Lack of skilled population (5) Lack of raw materials and external dependency Not much enthusiasm from industries Semiconductors are vital for safeguarding India's national interest and sovereignty.