Most Indian Leaders Push for Quantum Computing Investments
Indian industry leaders have urged major investments in quantum computing as the country pushes for building new capabilities under its National Quantum Mission, a report said on Monday.
Since 75 percent of respondents think quantum is a game-changer for India's future, the sectors likely to be impacted most include artificial intelligence and machine learning (79.4 percent), cybersecurity and cryptography (68.1 percent) and health and drug discovery (61 percent), Primus Partners' report shows.
Quantum technology will help solve some of the toughest problems in materials science, drug discovery, financial modeling, and cryptography, believes Devroop Dhar, Co-founder and Managing Director, Primus Partners.
"This technology will enormously bolster national security and create millions of jobs and boost economic growth", he added.
With quantum computing racing from the research phase into real-life application at breakneck speed, India is in the ideal position to help write the future for this technology.
India launched the National Quantum Mission in April 2023 to build its capabilities in quantum-related science and technology. Today, the country has over 600 scientists and more than 50 startups working on quantum technology.
The report further states that the first demand that industry leaders have for the country is developing and applying research and development, or R&D, in which 74.5 percent called for urgent increased investment to drive quantum innovation and 'keep India ahead in the global race'.
In addition to R&D, the report identified talent development as the critical area of focus for the quantum future of the country.
About 61.7 percent of respondents said they have underlined the necessity of developing a highly skilled talent pool that would be able to drive the next generation of quantum breakthroughs.
Industry leaders also view quantum as a strong enabler for major societal challenges that deserve more investment in research and development.
Some 63.1 percent believe quantum computing will make financial systems more efficient, transparent, and secure, the report said.
Among the barriers to its widespread use are high R&D costs, a shortage of skilled talent, and coordination between sectors.
