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Semiconductors: The chips are down and India is vulnerable

Semiconductors are the new oil and India is once again in the unenviable position of importing its needs

March 15, 2021 / 08:45 AM IST
Semiconductors: The chips are down and India is vulnerable


The global economy is set to undergo a key change as big as one that was ushered in four decades ago with the sharp rise in oil prices in the seventies. Oil, made costly by regulating output, has dominated the world economic scene since then but is now set to step aside and let the dominant position be taken over by semiconductors. The world is now in the grip of a semiconductor shortage with the supply and access to the...

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