ISM outlay faces currency pressure; ETSA 2026 Best on Campus, Comeback Kid nominees
A weak rupee has dragged down the dollar value of the India Semiconductor Mission. This and more in today’s ETtech Top 5.
India Semiconductor Mission (ISM) subsidies face currency pressure due to the weakening Indian rupee, which has reduced the dollar value of the Rs 76,000 crore outlay. The rupee has depreciated from 74-76 per dollar in late 2021 to around 95.7 now. Analysts estimate the original $10 billion allocation could be worth $6.1-7.4 billion when actual investments are made. Most specialized equipment used in projects is imported and priced in dollars, further exacerbating the impact.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
