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India witnessing growing interest in quantum computing: IBM
The Hindu
Quantum computers tap into the quantum mechanical phenomenon to manipulate information and are expected to shed light on processes of molecular and chemical interactions, address difficult optimisation problems, and boost the power of artificial intelligence. Advances like these could open the door to new scientific discoveries, life-saving drugs, and improvements in supply chains, logistics and the modelling of financial data
India has been witnessing growing interest in quantum computing, with students, developers, and academia actively participating. Consequently, the country is emerging as a talent hub for quantum computing, said Sandip Patel, MD, IBM India/South Asia region, in an interview. Edited excerpts
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The Union Budget unveiled on February 1, 2025, has come at a time of unprecedented global uncertainty and a flagging domestic economy. The real GDP growth is estimated at 6.4% for 2024-25 and between 6.3-6.8% for 2025-26, a far cry from >8 percent growth required annually to make India a developed nation by 2047. While much attention has been devoted to the demand stimulus through income tax cuts, not enough is said about the proposed reforms in urban development, tariff rationalisation, and regulatory simplification aimed at making Indian cities and corporates more competitive. Since the majority of economic activity is located in cities (urban areas account for ~55% of GDP) and produced by large corporates (~40% of the national output and 55% of India’s exports), the above-mentioned reforms have a pivotal role in improving India’s trend growth rate. Below we unpack each reform.