The quantum technology ecosystem has grown fast, led by government intervention, academic participation, service providers, and the startup community. As tech slowly matured over the years, Indian enterprises shifted to quantum tech. As a result, the Government of India declared quantum tech as a “mission of national importance” in 2019. Since then, there has been a great deal of public and defence investment in core and applied research.
Hence, Indian tech companies have identified quantum as a key opportunity to provide global and Indian clients and have developed proofs of concept (POC). There has to be a continuous development of the local workforce (quantum) to keep up with the industry demand and the challenges. Quantum technology will be ready to develop fault-tolerant quantum products that can be used with high technology by 2026–2027, which will inevitably lead to increased adoption by Indian enterprises.
Sectors like manufacturing, banking, and defence will dive head-first into deploying quantum tech for large-scale usage. As a part of overall growth, India can also become an important market for quantum R&D, software development, and equipment manufacturing. Quantum tech will add $310 billion to the Indian economy by 2030.
