Rising as a Quantum Powerhouse: India’s Rapid Growth in the Global Tech Landscape

India is fast emerging as a global leader in quantum technology with the emergence of over forty startups in the field over the past two years. This rapid growth indicates the growing potential of India in the global tech landscape, according to Dr. Jitendra Singh, the Union Minister of State for Science and Technology.

Recently, a meeting was held to discuss the 100-day action plan for the Department of Science & Technology, during which Dr. Singh highlighted the importance of the National Quantum Mission. He stated that India is now on par with some of the leading nations in quantum technology and that the mission aims to establish India as a global leader and foster advancements in quantum communication.

One notable startup in Bangalore, QuNu Labs, incubated by IIT Madras, has signed a memorandum of understanding with the Technology Development Board to develop security products using quantum technologies. This collaboration is expected to further boost India’s position in this cutting-edge field.

Dr. Singh also mentioned the increase in women’s participation in extramural research and development in recent years, a result of government initiatives to promote women in STEM fields. Approximately 300 women scientists are currently receiving research grants under the ASPIRE scheme, demonstrating India’s commitment to gender equality and diversity in science and technology.

The growth of the startup ecosystem in India is also a point of pride, with the number of startups soaring from just a few hundred in 2014 to over 1.25 lakh today, including over 110 unicorns. This success has been fueled by supportive government policies and programs that have encouraged innovation and entrepreneurship across various sectors. Additionally, India’s position