India’s Innovation Gap in AI Despite Strong Engineering Talent
India's elite engineering graduates from institutions like IITs, MIT, and Carnegie Mellon are key players at tech giants such as Nvidia. Yet, the country has failed to produce a homegrown AI model rivaling DeepSeek or a semiconductor leader like Nvidia.
Bernstein Research highlights a "concerning pattern" across India's industrial sectors—defense, solar, electronics, and pharmaceuticals—where innovation lags behind global peers. Commerce Minister Piyush Goyal recently questioned whether India's future lies in advanced technologies or mundane consumer goods.