Can India Engineer the Future? Smart Hardware and GenAI Set the Stage for Global Leadership

India is positioning itself as a global hub for AI-driven hardware innovation, fueled by a projected 24.6% CAGR in spatial computing (reaching $11.3B by 2030) and a semiconductor market set to hit ₹80.3B by FY28. The IndiaAI Mission aims to offer the world’s most affordable compute at $1/hour (vs. global $2.5–3), backed by 18,000+ GPUs and green-energy data centers. Key sectors like healthcare, manufacturing, and finance are adopting AI hardware stacks (NPUs, edge devices) to reduce latency and enhance efficiency. Domestic semiconductor fabs in Gujarat and Assam, alongside partnerships with global firms, underscore India’s manufacturing push. Spatial computing-merging AR/VR, AI, and real-time sensors-is projected to generate $917.5M in AR/VR revenue by 2025, driven by immersive applications in education and smart factories. Sources: Deloitte Tech Trends 2025, Business Standard