Growth of Science & Technology Industry - Infographic

India's technology spending is projected to reach approximately US$ 54.5 billion (Rs. 4.49 trillion) by 2027, making it the highest in the Asia Pacific (APAC) region.

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.

* India’s artificial intelligence (AI) industry is set to reach Rs. 2,47,766 crore (US$ 28.8 billion) by 2025, driven by rapid talent growth and demand projected to touch 1 million professionals by 2026.

Attractive
Opportunities

* IIT Madras and ISRO have developed and booted India’s first indigenous semiconductor chip, the RISC–V Controller for Space Applications (IRIS), showcasing domestic R&D strength in space technology.

* India’s drone market could grow from Rs. 35,696 crore (US$ 4.2 billion) in 2025 to Rs. 1,95,477 crore (US$ 23 billion) by 2030, as per the EY-FICCI report “Making India the Drone Hub of the World.”

* India filed over 86,000 AI patents between 2010 and 2025, accounting for 25% of all tech patents, with filings from 2021-25 seven times higher than 2010-15, and 63% originating domestically.

Policy
Support

* The Union Cabinet approved a Rs. 99,771 crore (US$ 11.65 billion) Research, Development and Innovation (RDI) scheme under the Anusandhan National Research Foundation (ANRF) to drive deep-tech research, with industry seeking clearer governance and fund use.

* The India AI Mission has been allocated a budget of around Rs. 2,000 crore (US$ 236.4 million), a massive increase from Rs. 173 crore (US$ 8.6 million) in 2024-25.

* DST’s NIDHI programme has fostered a nationwide network of TBIs and STEPs, strengthening India’s innovation ecosystem by mentoring startups and supporting grassroots innovations.

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.

* Under the IndiaAI Mission, startups like Sarvam AI, Soket AI, Gnani AI, and Gan AI are building open-source models, backed by affordable GPUs, datasets, and global programmes to drive AI solutions in key sectors.

Last updated: Oct, 2025

Major Indian States for Science and Technology

  • Maharashtra
  • Gujarat
  • NCR
  • Karnataka
  • Tamil Nadu
  • Telangana
  • Andhra Pradesh
  • Madhya Pradesh

IBEF Campaigns

MORE
Discover India

Discover India

A campaign designed to showcase the country’s rich heritage, vibrant ...

Aatmanirbhar Bharat Utsav 2024

Aatmanirbhar Bharat Utsav 2024

Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...

Case Studies

MORE

Makhana Goes Global: Strategies to Strengthen India’s Export Edge

Makhana Goes Global: Strategies to Strengthen India’s Export Edge

Makhana (Euryale ferox) is emerging as a global superfood owing to its exceptional nutritional and medicinal value. India dominates its production, ac...

India’s Animation & Comic Industry Expansion: The Rise of Indigenous Animated Content and Comic Storytelling

India’s Animation & Comic Industry Expansion: The Rise of Indigenous Animated Content and Comic Storytelling

India’s animation and comic industry is undergoing a dynamic transformation, evolving from a service-based outsourcing hub into a vibrant ecosys...

Driving Global: India’s Rising Passenger Vehicle Exports and its Emergence as an Automotive Export Hub

Driving Global: India’s Rising Passenger Vehicle Exports and its Emergence as an Automotive Export Hub

India’s automotive sector has long been a pillar of its industrial and economic strength. The growing momentum in passenger vehicle exports sign...

IBEF BLOG

MORE
India’s Edtech Surge: Opportunities in Online Education and Training
3 Nov 2025

India’s Edtech Surge: Opportunities in Online Education and Training

The convergence of education and technology, known as Edtech has changed ho...

Culinary Diplomacy: How Indian Food Festivals Boost Tourism and Trade
31 Oct 2025

Culinary Diplomacy: How Indian Food Festivals Boost Tourism and Trade

What if diplomacy can be dished out on a banana leaf or served sizzling str...

From Bazaar to Broadband: The Changing Face of India’s Wholesale Market
30 Oct 2025

From Bazaar to Broadband: The Changing Face of India’s Wholesale Market

Wholesale Indian markets have deep historical roots, often as old as the ci...

Partners
Loading...