Quantum Leap: The Executive Push for Quantum Computing in India

A survey by Primus Partners reveals that 85% of executives urge enhanced quantum research and talent development. Key sectors like AI, cybersecurity, and healthcare could see major advancements. R&D investment and skill development are crucial to secure India's competitive edge, with practical applications expected within 3-5 years.

A remarkable 85 percent of executives and senior leaders passionately advocate for amplified efforts in quantum research and talent cultivation, highlighting the transformative potential of this cutting-edge technology. This insight emerges from a comprehensive survey conducted by Primus Partners, encompassing 200 senior executives and CXOs who point to industries such as cybersecurity, healthcare, and artificial intelligence as likely to experience groundbreaking shifts through quantum computing.

Quantum computing is identified as a crucial catalyst for change, with nearly 75 percent considering it a critical technology for India's future. Notably, Artificial Intelligence (AI) and Machine Learning lead the predicted impact areas, backed by 79.4 percent of industry leaders foreseeing that quantum algorithms will reshape these domains significantly.

Cybersecurity also emerges as a significant beneficiary, with 68.1 percent of respondents anticipating enhancements in encryption and protection of vital digital infrastructure. Healthcare, too, stands to gain, as 61 percent of respondents highlight quantum computing's potential to innovate in drug discovery and disease prevention.

Investment in research and development (R&D) emerges as a top priority, with 74.5 percent advocating for significant funding boosts to spur quantum innovations and ensure India's global competitiveness. Simultaneously, the development of a skilled workforce is critical, with 61.7 percent stressing the importance of nurturing talent proficient in quantum technology to spearhead future breakthroughs.

Devroop Dhar, Co-founder and Managing Director of Primus Partners, stated, "This technology will significantly enhance national security, drive economic growth, and create millions of jobs. Our survey clearly indicates that industry leaders recognize the urgent need for strategic investments and skill development in this field." Additionally, 63.1 percent of executives recognize its potential to refine financial systems, improving efficiency, transparency, and security.

Furthermore, 61.7 percent believe that quantum computing could transform healthcare delivery, particularly in underserved regions, reshaping India's social infrastructure and public health outcomes. However, the survey also highlights barriers to rapid quantum development, notably the high R&D costs identified by 70.9 percent and the pressing issue of a shortage of skilled talent noted by 62.4 percent.

Leaders emphasize the essential need for cross-sector collaboration to overcome these challenges. A cooperative framework involving government, the private sector, and international organizations is vital to funding and skill-building efforts that propel quantum advancements. According to the survey, 32.6 percent of respondents expect practical quantum applications to materialize within three to five years, while 27.7 percent foresee this transition occurring within five years.

With nations globally investing in quantum technology, India's potential to assume a leadership stance relies on prompt investment, comprehensive talent development, and global partnerships.

(With inputs from agencies.)