Business
Tech frontier: India’s deeptech market set to touch $30 bn by 2030; defence innovation, robotics to drive growth – The Times of India
India’s deeptech sector is on course to become a $30 billion market by 2030, powered by growing defence innovation and a surge in global robotics adoption, according to a report by Redseer Strategy Consultants.The report said India’s deeptech opportunity has expanded 2.5 times over the past five years, with its market base currently estimated at $9–12 billion in FY2025, largely driven by the rapid rise of defence deeptech and robotic technologies, PTI reported.
“India’s deeptech opportunity has grown 2.5 times in the past 5 years and is poised to be a $30 billion juggernaut by 2030. India is emerging as the only trusted, low-cost scale hub outside China,” the report noted.The report highlighted that India’s national defence budget has doubled to $80 billion over the past decade, outpacing growth rates recorded by major global spenders such as the US and China during the same period.This accelerated defence spending has helped fuel domestic innovation in areas like AI-driven autonomous systems, energy propulsion, and advanced drone technology, establishing a strong foundation for sustained deeptech expansion.“Deeptech is no longer tomorrow’s bet — it’s the next economic engine. India’s defence-deeptech flywheel is turning and creating investible, predictable returns,” the report stated.India’s role as a trusted, cost-efficient innovation hub outside China is being reinforced by deeptech-led advances in robotics manufacturing, Redseer said.The global robotics market, valued at $60 billion, is projected to touch $230 billion by 2030, with humanoid robots emerging as a breakout category worth nearly $10 billion.India holds a key cost advantage in this domain – humanoid production costs are about 73% lower than in the US, thanks to local integration efficiency, lower labour costs, and optimised sourcing.
It is thought that thousands of people may have lost their jobs at Oracle, one of the world’s largest tech companies.
Source link
The US-Israel Iran war has halted almost all traffic in a key waterway and the price Brent crude has surged.
Source link
Crunch talks between resident doctors and the Government are set to continue in a bid to avert strike action.
Sir Keir Starmer has given the resident doctors committee of the British Medical Association (BMA) a deadline to reconsider a deal on pay and jobs which includes an offer of thousands of extra NHS training posts.
It is understood the proposal will be removed from the deal if resident doctors in England press ahead with a six-day strike from April 7 in a row over jobs and pay.
Dr Jack Fletcher, chairman of the resident doctors committee of the union, said: “It is wrong for Government to withhold desperately-needed jobs as part of negotiating tactics.
“Anyone who works in the NHS knows that patients need these 4,000 jobs created as soon as possible.
“We made that very clear to Government in our meetings today.
“We are not interested in arbitrary deadlines – we will be looking to get this dispute ended right up to the last minute.
“We believe there is a deal there to be done if Government is willing to withdraw the changes it made at the last minute that reduced the funding for pay rises. Talks continue.”
It comes as senior medics announced they were escalating their disputes with the Government.
Consultants and other senior doctors are to be balloted on industrial action after ministers announced they would be getting a 3.5% pay award.
Simultaneous ballots of consultants and specialist, associate specialist and specialty (SAS) doctors will run from May 11 until July 6.
Addressing resident doctors, Prime Minister Sir Keir Starmer wrote in The Times: “The truth is this: no-one benefits from rejecting this deal.
“Resident doctors will be worse off. Instead of improved pay, progression and support, they will receive the standard pay award this year, with none of the reforms that would have strengthened their working lives.”
The deal sets out a minimum of 4,000 new additional specialty posts to be delivered over the next three years.
NHS England boss Sir Jim Mackey confirmed the offer to expand training places will “come off the table” if an agreement is not reached.
The walkout, which is due to run from 7am on April 7 until 6.59am on April 13, will be the 15th round of strikes by resident doctors in England since 2023.
In a letter to health leaders, Mike Prentice, national director for emergency planning at NHS England, wrote: “We expect this round to be challenging as there is a shorter notice period, bank holidays within the notice period and the action itself falling during the Easter holidays.
“This will represent a significant strain on staffing resources to provide safe cover.”
Wrigley Field to host Big Ten/SEC volleyball doubleheader
Tech giant Oracle makes ‘significant’ job cuts
Romelu Lukaku facing disciplinary action after missing Napoli training
-
Politics1 week agoAfghanistan announces release of detained US citizen
-
Sports1 week agoBroadcast industry CEO says consolidation is ‘essential’ to compete for NFL soaring media rights prices
-
Entertainment1 week agoUN warns migratory freshwater fish numbers are spiralling
-
Tech1 week agoCan a Home Appliance Fix the Problem of Soft-Plastic Waste?
-
Business1 week agoProperty Play: Home flippers see smallest profits since the Great Recession, real estate data firm says
-
Business1 week agoGold prices soar in Pakistan – SUCH TV
-
Fashion1 week agoICE cotton slips on weaker crude, profit booking
-
Business1 week agoMore women are entering wealth management, but few are in advisory roles, study finds