India’s deeptech market to hit $30 billion by 2030: Report

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India’s deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach $30 billion by 2030, driven by defence innovation and a surge in global robotics, according to a report by Redseer Strategy Consultants.

India has observed a significant shift in spending towards defence deeptech, with the national defence budget doubling over the past decade to $80 billion. This expansion surpasses growth rates recorded by top global spenders, such as the US and China, during the same period.

India’s deep tech opportunity…



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India’s deeptech market to hit $30 billion by 2030: Report



India’s deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach $30 billion by 2030, driven by defence innovation and a surge in global robotics, according to a report by Redseer Strategy Consultants.

India has observed a significant shift in spending towards defence deeptech, with the national defence budget doubling over the past decade to $80 billion. This expansion surpasses growth rates recorded by top global spenders, such as the US and China, during the same period.

India’s deep tech opportunity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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