Indians See Quantum Computing as Key to Unlocking India's Future
New Delhi: As researchers continue to push the boundaries of quantum computing, Indian industry leaders are eagerly investing in a transformative technology expected to revolutionize sectors including cybersecurity, healthcare, and logistics.
According to results from a recent survey conducted by Primus Partners, a leading consultancy firm in India, nearly 75% of respondents view quantum computing as a game-changer for India's future. The areas poised to benefit most from this emerging technology are Artificial Intelligence and Machine Learning (79%), Cybersecurity and Cryptography (68%), and Healthcare and Drug Discovery (61%).
In an effort to capitalize on the transformative potential of quantum computing, industry leaders across India are joining forces to promote significant investments in research, talent development, and innovation. With 74.5% of respondents emphasizing the urgent need for increased investment in Research and Development (R&D), industry leaders are urging policymakers to take concerted action.
In addition to R&D funding, a highly skilled workforce is seen as essential for the country's quantum future. Respondents agree on the importance of building and nurturing a talent pool capable of driving breakthroughs in this emerging field.
Apart from addressing technological challenges, quantum computing has potential implications on social infrastructure and public health systems. Industry leaders agree that enhanced financial systems (63%) and improved access to healthcare (61.7%), particularly in underserved regions, are critical areas where the technology can positively impact society.
However, a plethora of obstacles must be addressed before quantum technology can flourish. High R&D costs (70.9%), talent shortages (62.4%), and lack of cooperation across sectors (45.4%) emerge as major barriers to widespread adoption.
Devroop Dhar, Co-founder of Primus Partners, states that "quantum technology holds the potential to solve some of the most complex problems in materials science, drug discovery, financial modeling, and cryptography." He believes strategic investments and skill development are the keys to enabling breakthroughs and securing India's position in the global quantum race.
The survey highlights a pressing need for urgent action from policymakers and industry experts alike. With over 32% of respondents estimating that practical quantum applications will become realized within 3-5 years, there is no time for complacency – Indian leaders must be prepared to invest in R&D, develop their workforce, and form strategic partnerships.
India Faces Limited Time to Capitalize on Quantum's Promise
India's competition landscape means rapid advancements are necessary. With some forecasting that quantum will start being widely deployed within 5 years, the nation has just over a decade to make up its technology gap.