Finance Minister of India

Finance Minister Nirmala Sitharaman said artificial intelligence, semiconductor manufacturing and quantum technology will be central to India's next phase of economic growth. Her remarks underline the government's push to position India as a hub for advanced technologies and chip production, building on recent incentive schemes aimed at attracting semiconductor investment and expanding the country's digital and deep-tech sectors.

India's Finance Minister said Indian startups can contribute to the economy as much as established industries, according to the Times of India. The remark frames the startup sector as a mainstream economic pillar rather than a niche, aligning with government efforts to promote entrepreneurship, funding and innovation as drivers of growth and employment.