The Union Budget of 2025 has included a new set of initiatives that will prove to be transformative for the technology sector, particularly in deep-tech innovation and the expansion of Global Capability Centers (GCC) in India. With a sum of ₹20,000 crore allocated for private-sector Research, Development, and Innovation and the proposition of a ‘Deep Tech Fund of Funds’, the government has committed to making India a technology leader. Once implemented, these initiatives will catalyze the next-gen startup evolution and accelerate projects in the areas of Artificial Intelligence, cloud migration, and cybersecurity.
Further, we are also excited to see how the national framework for promoting GCCs in emerging tier 2 cities will encourage talent availability, infrastructure improvement, and industry outreach. We hope this results in not just decentralized growth but also in growing various domestic talent pools. All in all, we observe some good steps taken towards continuing India’s prominence among global technology leaders.
