With the Indian design industry expected to grow ten times over the next ten years, India is emerging as a major design centre for integrated circuits OCs) and systems-on-chips. India's position as a design centre as well as vast market is so strong that it will soon drive some of the major global developments in the semiconductor industry.

We hope to see improvement in the economy by mid 2009 and the recovery, though slow, would surely happen. Globally, the semiconductor industry and worldwide market for semi conductors have matured and appear headed for a single-digit growth in the coming years compared to the double-digit growth of yesteryears. However, the scene in the Indian semiconductor industry is different.lhe rising middle-class income has created a huge market for semiconductor-intenŽsive products and we may see this trend to continue for some more years to come.