1 Feb 2026
India Semiconductor Mission 2.0 launched
UPSC
Banking
Science
Economy
Summary
The 2026 budget launched India Semiconductor Mission 2.0 — a follow-up programme to expand domestic chip manufacturing capacity, including support for foundries and rare-earth corridors in mineral-rich states.
Why it matters
Strategic-tech policy. UPSC GS-3 (Science & Tech, Economy), Banking. Watch for questions on PLI scheme integration, dependence on Taiwan/South Korea, and the rare-earth supply chain.