India is staking more on deep tech than it spent in a decade.
The government has committed $11 billion to a fund covering artificial intelligence, chips, drones and space. A venture industry body told CNBC that private matching should lift the pot near $25 billion. India spent about $11.6 billion on deep tech across the whole of the last decade.
Why it mattersIndia writes much of the world's software but buys nearly all of its advanced hardware abroad. State money at this size decides whether the next big model gets trained at home or rented.
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