When we talk of India’s growth story today, it’s not possible to ignore the excitement in emerging tech, artificial intelligence, semiconductors, space technology, clean energy, and defence technology are no longer specialist domains. They’re center stage in the boardrooms and policy plans.

But despite all the optimistic rhetoric, I believe two things are needed if we are to see this ecosystem become a source of global competitiveness: strategic patience and serious big business commitment.

The Pace vs. Patience Paradox

In a quarterly performance and immediate market response world, “patience” is a term that sounds like a luxury. But establishing deep tech capability does not amount to a sprint; it’s a 10–15 year marathon that tests our capacity to continue pumping money and believing.

Take semiconductors, India has offered over $10 billion in incentives to produce chips. But Taiwan’s TSMC took over three decades to reach its dominance in the current times. So did SpaceX, now valued at over $180 billion, when it was years shy of profitability as a startup.

We need to avoid the temptation to gauge success in these industries too soon by way of short-term returns. If the vision is transformational, the timelines need to be realistic.
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