Union Budget 2025: India’s rise as a global innovation leader with deep tech in focus

economictimes.indiatimes.com:

Union Budget: India’s deep tech ecosystem stands at a cornerstone of explosive growth fueled by the synergy of cutting-edge science and entrepreneurial zest to craft solutions for complex global challenges. Deep Tech spans Artificial Intelligence/ Machine Learning, Internet of Things (IoT), Blockchain, Big Data & Analytics, Augmented Reality/ Virtual Reality (AR/VR), Robotics, 3D printing, Drones, and beyond.

Budget with ET

Sitharaman has one job to do and it’s the most crucial one yet

Will Modi govt have something special for Nitish Kumar’s Bihar?

Budget should help in safeguarding India’s trade interests as Trump returns

India with its unique blend of growth of talent, ambition and government support has become a crucible for transformative ideas in Deep Tech. However, to assert global leadership amplifying advancements, clear policy definitions and strategic focus areas should be a priority for this year in Budget 2025.

Also Read: Sitharaman likely to give India’s ‘aam aadmi’ what they want?

Evolution of the Deep Tech Ecosystem

India’s DeepTech ecosystem, though nascent compared to the global market, shows immense growth potential. “India saw over 3,600 DeepTech start-ups, with 480 established in 2023 – a 2x increase from 2022”, according to NASSCOM’s ‘India’s DeepTech Dawn: Forging Ahead’ report. While India is ranked as the third-largest start-up ecosystem, DeepTech stands at the 6th position at a global level.

Driving Growth: Policies and Partnerships

The government of India is encouraging the growth of this