Quantum has become a hot topic among researchers, enterprises, and investors worldwide. Undoubtedly, quantum technologies will influence the computing, networking, sensing, and security paradigm. In India, the government is at the forefront of quantum innovation in collaboration with leading research groups and universities. The tech community in India is picking up the pace with global peers and playing a crucial role in translating quantum research into practical business use cases.
In this context, Avasant and NASSCOM have developed a detailed report on India’s quantum development and ecosystem. The report is prepared in consultation with over 25 experts in this field across all stakeholder groups, including technology and service providers, startups, and academic and scientific groups. It offers insights into the current state of the market with respect to quantum technology development, workforce enablement, startup ecosystem and commercial offerings, industry participation, government initiatives, and enterprise adoption.
The unique aspect of this report is that it highlights specific opportunities for India to take the lead in quantum. Furthermore, we have identified areas of improvement in the existing quantum ecosystem and provided detailed recommendations to relevant stakeholders. The report also quantifies the potential of quantum technologies across industries in India and provides the potential impact of quantum on the Indian economy by 2030.
Key findings are as follows:
- Quantum tech potential will provide USD 310B cumulative value add to the Indian economy by 2030.
- Manufacturing, high-tech, banking, and defense sectors will be at the forefront of quantum-led innovation by 2030
- Projects in quantum technologies, approximately 100 initiated in India, are about 92% government sponsored.
- India plans to develop a quantum computer with about 50 qubits by 2026.
- Few Indian enterprises (less than 1%) are evaluating quantum prospects in their industry and business.