Deeptech is set to be a game-changer for India, especially in fields like artificial intelligence (AI), mobility, battery storage, and green hydrogen, according to Amitabh Kant, ex-CEO of NITI Aayog, the government’s think tank. He believes Indian startups have a golden shot at leading the charge in these areas.
“Years from now, when people look back at India’s story, this decade should stand out as the turning point—when we went from being the world’s back-office to a hub of global innovation. That shift starts with today’s young startups,” Kant shared.
To fuel this, the government plans a Rs 10,000 crore fund to give early-stage startups a financial boost.
Enter Startup Mahakumbh—a government push to spark entrepreneurship as India eyes its Viksit Bharat vision by 2047.
“No other country boasts a startup scene as wild and vibrant as India’s. We’ve got this rare mix of young dreamers, venture capital, and funds of funds—it’s a recipe for startups to shake things up worldwide,” Kant said.
He pointed to Infosys, the IT powerhouse, as a shining example. “Infosys started small but soared globally because it nailed corporate governance. Whatever your startup’s vibe, bake in good ethics from day one. Strong audits, solid finances, and self-discipline aren’t optional—they’re the backbone,” he urged.