Advantage India
Robust
Demand
*The country remains among the top three countries in scientific publication as per NSF database and in terms of no of PhDs, in size of Higher Education System; as well as in terms of number of Start-ups.
* The rate of Artificial Intelligence (AI) adoption in key industries across India reached approximately 48% in FY24, with expectations to expand by an additional 5-7% in FY25.
Attractive
Opportunities
* In a key milestone for India’s semiconductor ecosystem, the Indian Institute of Technology Madras and ISRO have jointly developed and successfully booted an indigenous semiconductor chip—the RISC–V Controller for Space Applications (IRIS)—signaling strong domestic R&D capabilities and new opportunities in space–tech hardware.
* India is poised to establish itself as a global hub for drone technology, a development that is anticipated to significantly enhance the Indian economy.
* India’s AI market is growing at a CAGR of 25-35% and is projected to reach around US$17 billion by 2027.
Policy
Support
* DST has been pioneer in establishing a network of Technology Business Incubators (TBI) and Science & Technology Entrepreneur’s Parks (STEP) across the country under the National Initiative for Developing and Harnessing Innovations (NIDHI) program.
* India will establish a National Research Foundation (Anusadhan NRF) to transform research and development. Once operational, it will bridge public and private sectors, fostering collaboration between industry and academia.
Rising
Private Activity
* In tune with Prime Minister, Mr. Narendra Modi’s vision of National Hydrogen Mission (NHM), M/s Multi Nano Sense Technologies Private Limited, Maharashtra has come up with plan to manufacturing of Hydrogen sensors indigenously.
* For actual benefit of Prime Minister’s Atal Bhujal Yojana (Atal Jal), a Jharkhand based startup, M/s Kritsnam Technologies Private Limited are developing ‘Dhaara Smart Flowmeter’ - an integrated system for online monitoring that is designed to track the water distribution in real-time.
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MOREMajor Indian States for Science and Technology
- Maharashtra
- Gujarat
- NCR
- Karnataka
- Tamil Nadu
- Telangana
- Andhra Pradesh
- Madhya Pradesh
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