India’s industrial and service sectors are entering a new era shaped by the rapid growth of DeepTech- innovations rooted in advanced research and intensive R&D. This wave is transforming not only how industries operate but also how services are designed, delivered, and scaled.
India today has one of the world’s fastest-growing DeepTech ecosystems. It is ranked sixth globally and is home to more than 3,600 startups in this space. Over 480 new DeepTech ventures were established in 2023 alone, with artificial intelligence leading the way. A significant proportion of these startups are developing proprietary technologies, reflecting a growing shift from dependence on external solutions to home-grown intellectual property.
This expansion is influencing both industry and services. In manufacturing, DeepTech is driving adoption of robotics, industrial automation, and predictive analytics, strengthening India’s ability to compete globally. Innovations in clean energy, semiconductors, and advanced materials are also supporting the transition toward sustainability and greater technological self-reliance.
On the services side, DeepTech is powering a transition from cost-based advantages to innovation-led growth. AI and data-driven platforms are reshaping financial services, healthcare delivery, and customer experience management. Business-to-business software, powered by DeepTech, is enabling companies worldwide to streamline operations, enhance productivity, and deliver personalized solutions at scale.
Policy reforms and initiatives such as the National Deep Tech Startup Policy have laid the foundation for India to emerge as a global DeepTech hub. These frameworks aim to encourage investment, boost R&D collaboration, and expand innovation capacity in strategic areas including green energy, space technology, and biotechnology.
However, there are various challenges that it brings. Funding for DeepTech ventures has seen fluctuations, and longer development cycles require patient capital. Building stronger linkages between academia, industry, and government, expanding access to computing infrastructure, and reinforcing intellectual property protection are critical to sustaining momentum.
DeepTech is no longer a niche- it is fast becoming the backbone of India’s industrial modernization and service sector transformation. With continued ecosystem support, India has the potential to not only participate in but also shape the global DeepTech landscape.