India is steadily repositioning itself as a key force in the global economy, powered by large investments in semiconductor manufacturing and the fast-growing adoption of artificial intelligence (AI), according to a new KPMG report released at the World Economic Forum 2026. Titled Shift from Emerging to Pivotal: India in the New Geoeconomic Order, the report highlights a clear change in India’s growth story — from being a high-growth emerging market to a country actively shaping global trade flows, technology development, and sustainability agendas. KPMG noted that India’s progress is now being driven by execution, with policy initiatives translating into real capacity creation across advanced manufacturing, digital infrastructure, clean energy and AI. Semiconductors form a core pillar of this transition. India has approved six semiconductor fabrication plants with a combined investment of around $1.3
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Anamika Mishra,
Sub Editor
