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Tech and Digitalisation

One of India's greatest strengths lies in its vast pool of digital talent. The total headcount in India’s tech and tech-enabled sector has surpassed 5 million people, and the country is projected to produce an impressive 18 million STEM graduates by 2027. This abundant talent supply has established India as a global hub for companies seeking skilled professionals. Major metropolitan areas serve as technology hubs, hosting the Global Capability Centres (GCCs) of leading international companies. Danish firms have also tapped into this ecosystem successfully, with players like Novo Nordisk Global Business Services (GBS), Maersk, Nordea, and Vestas employing thousands in their Indian GCCs.

This talent advantage extends into India’s burgeoning AI landscape, driven by its vast digital infrastructure and data resources. With the world’s largest mobile data user base and ranking as the second-fastest-growing data market globally, India’s potential in AI is unparalleled. In 2023, the country ranked 15th among the top 25 AI nations, recognized for its vast data reserves. Initiatives like Digital India are accelerating digital inclusion across the population, generating a wealth of data that fuels AI innovation. With the AI market projected to grow by 25–35% annually and potentially reach USD 17 billion by 2027, the demand for skilled professionals and cutting-edge data solutions will only intensify.

Parallel to AI, India’s semiconductor industry is at a turning point. Government initiatives like the Semicon India Program and rising domestic demand have spurred significant investments in semiconductor manufacturing. By 2025, India aims to establish itself as a global player, reducing reliance on imports and enhancing technological self-reliance. Strategic collaborations with East Asian nations and the European Union are strengthening its position, while opportunities for Denmark lie in areas like advanced manufacturing, green energy solutions for fabs, and sustainable semiconductor production.

India’s dynamic and rapidly evolving market also presents opportunities across other technology sectors. The country hosts over 13,000 startups specializing in emerging technologies such as robotics, AI, and IoT, fostering a vibrant innovation ecosystem. Fintech, too, is experiencing unprecedented growth, with India’s high adoption rates and robust digital infrastructure making it a prime market for global players.

In green digitalization, India’s clean energy sector has attracted approximately $102.4 billion in investments between 2014 and 2023, with projections to reach ₹30.5 lakh crore by 2030. This underscores the nation’s commitment to sustainability and tech-driven energy solutions. Health tech is another flourishing sector, with over 70% of innovations in the Indian MedTech industry being driven by digital integration. Additionally, India’s expansive coastline and maritime trade initiatives, such as Sagarmala, highlight opportunities for advancements in marine electronics, crucial for supporting infrastructure and global trade ambitions.

Together, these interconnected sectors reflect India’s position as a compelling market for technological innovation and investment. With a unique combination of talent, policy support, and strategic focus, India offers immense potential for global partnerships, including those from Denmark, across a wide spectrum of industries.

Support activities and competencies of Trade Council

  • Opportunity assessment and building comprehensive stakeholder mapping.
  • Digital Talent Mapping.
  • Focus areas in Robotics, Fintech, Green Digitalisation, Health Tech and Marine Electronics.
  • Identifying the competencies and underlying opportunities.
  • Network with Government, Private Players and academic organisations in India to identify prospects for Danish Solution Providers.