India Nearly Matches US Quantum Computing Research Budget
(TomsHardware) The Indian government budget allocation of 80 billion rupees (~$1.12 billion) to quantum computing, communications and cryptography over the next five years budget roughly matches that of the EU ($1.13 billion) and the U.S. ($1.2 billion).
The Indian government essentially increased the budget for quantum computing research by 40x from a previous budget of $27.9 million over five years. The budget was previously reserved for the National Mission on Interdisciplinary Cyber-Physical Systems.
The Indian government seems to have recognized the importance of technology leadership in the world, as it also increased the total budget of the Science Ministry, which oversees the department of science and technology, biotechnology and scientific and industrial research, to 144 billion rupees (~$2 billion).