India’s quantum plan speeds up, says it could drive $310 billion by 2030

2022-05-12 0 By

Industry organizations predict that by 2030, quantum technology may bring cumulative value of $310 billion to the national economy of India.For the whole of 2020, India’s GDP was only 2.66 trillion yuan.India even plans to develop quantum computers with around 50 qubits by 2026.Meanwhile, the development of small-scale quantum devices such as quantum simulators and sensors is expected to be faster.As early as 2020, India officially joined the global race in quantum computing by establishing the National Quantum Technology and Applications Mission (NM-QTA).In the same year, the Indian government approved a five-year budget of $1.2 billion to boost quantum computing.India will play a key role in the quantum technology revolution, according to the Report “India’s Quantum Technology Revolution — Betting on Gold for Quantum Hegemony” by The National Association of Software and Services Industries (Nasscom) in February 2022.February 2022 Report “India’s Quantum Revolution — Betting on Gold for Quantum supremacy”, image from Nasscom “the [Indian] government is empowering the scientific community to advance quantum science.Indian leaders are planning to pour billions of dollars into the quantum ecosystem for technology commercialization and human resource development.””The report said.According to India’s quantum development plan, Nasscom believes the country will make a quantum infrastructure leap in the next five years, mainly thanks to the government.”The government became a major supporter and sponsor of India’s quantum project.Of the 100 sub-projects launched in India, about 92% are funded by the government.”India plans to spend $1.2 billion over the next five years to advance advances in quantum information and meteorology, quantum applications and materials, and quantum communications.In fact, as early as 2016, the European Union announced to invest $1.13 billion in the quantum field, the United States released the National Quantum Protocol Act in 2018 and plans to invest $1.275 billion from 2019 to 2023, and the United Kingdom’s total investment in its “National Quantum Technology Plan” launched in 2014 has exceeded $1.35 billion.China started construction of the Quantum Information Science National Laboratory in 2017. As the first scientific and technological innovation project in Anhui Province, the total investment of the first phase of the laboratory is up to 7 billion yuan ($1.1 billion).The report predicts that India’s quantum technology will reach a critical point of maturity between 2026 and 2027, with enterprise use cases increasing.Sectors such as manufacturing, high technology, banking and defence will absorb 45 per cent of the investment and may be the first to adopt quantum technology in large-scale application cases.According to local media, India’s quantum ecosystem is already accelerating, with “10 to 15 government agencies, 20 to 30 service providers, 15 to 20 startups and 40 to 50 academic institutions all active in this [quantum technology] sector”.According to Achyuta Ghosh, head of research at Nasscom, many government agencies, academic institutions and startups have already established commercially viable applications for quantum computing.Tata Consultancy Services, HCL Technologies, Infosys, TechCompanies like Mahindra, Zensar, Mphasis, Coforge and others are creating use cases and proof-of-concept of quantum technology for their customers.In December 2021, Zapata Computing released “the first annual report on the use of quantum Computing in the enterprise,” which included data from a survey of leaders of 300 of the world’s largest companies.According to the report, about 41 percent of respondents have started using quantum computing.It can be seen that there are many applications of quantum computing in global enterprises.Apart from India’s quantum technology development plans, Nasscom also sees significant progress in quantum communications in the country.”The current focus is on converting quantum key distribution (QKD) into field-deployable products that communicate via satellite and fiber optics,” the report states.At present, China occupies the international forefront in quantum communication field.As early as September 2017, China’s research and development of the world’s first quantum secure communication trunk line — “Beijing-Shanghai trunk Line” has been officially opened, combined with the “Beijing-Shanghai trunk line” and “Micius” heaven and earth link, Chinese scientists successfully achieved intercontinental quantum secure communication.In addition, India even plans to develop quantum computers with about 50 qubits by 2026, while development of smaller devices such as quantum simulators and sensors is expected to happen faster.India even has the potential to become an attractive country for quantum R&D, software development, component and equipment manufacturing, Nasscom said.But the development of quantum computers depends on the development of electricity.India still faces regular blackouts.In July 2012, India’s power failure became the world’s largest, affecting more than 670 million people in Europe.In October 2021, the country was again on the brink of a nationwide blackout, with mumbai, India’s financial capital, and its surrounding areas suffering a widespread blackout.Akshay mather, director of geoeconomic studies at GatewayHouse, a prominent Indian think tank, once said, “India’s rapid GDP growth now seems meaningless.Look at millions of people still living in slums.In the face of such disparities, 7% or 8% of GDP growth is negligible.Scholars must maintain independent thinking about the rise of India.”Responsible editor: Li Yuequn