Central Government of India

Finance Minister Nirmala Sitharaman said artificial intelligence, semiconductor manufacturing and quantum technology will be central to India's next phase of economic growth. Her remarks underline the government's push to position India as a hub for advanced technologies and chip production, building on recent incentive schemes aimed at attracting semiconductor investment and expanding the country's digital and deep-tech sectors.

Commentary highlights what is being called a tech-led renaissance in India under Prime Minister Narendra Modi, focusing on advances in space exploration, semiconductor manufacturing and artificial intelligence. The piece frames these sectors as central to India's economic and strategic rise. Discussion centres on whether government policy is successfully positioning India as a global technology power.

Union minister Dr Jitendra Singh said India will be an essential player in the next industrial revolution, which he described as being driven by biotechnology and artificial intelligence. The statement, issued through the government's press bureau, frames India as a key contributor to emerging technologies, positioning the country's biotech and AI sectors as central to its future economic growth.