Rumors of India investing $ 1Bn in quantum computing research
By: Nathan Remi Gio L. Azuelo
March 25, 2022
According to Computer Weekly, the government of India plans on investing $1bn over a five year period in order to advance their countries capabilities in quantum information computing and meteorology as well as quantum communications.
What would this mean for India? Quantum computing has its most significant uses in national defense, manufacturing and banking with a third of India’s quantum market dealing solely in defense and manufacturing. Furthermore, Analysts have projected 3000-4500% growth in enterprise adaption to quantum technology and more than significant growth in the number of startups with commercial quantum applications.
According to these projections, investments on quantum computing could be proven beneficial on an economic stand point as it could be the next frontier in cyber technology and a head start in this emerging market could bring immeasurable wealth to the investor.
With this said, there could be a few hindrances in this venture, namely, the accepted requirements in a successful quantum computing venture. Those to factors include a proof of science (which, traditionally, has not been a strength) as well as proof of tech, which yet again, has not been heavily invested on by the Indian government.