India's government is going to support their deep tech startup scene

Today, I read in Techcrunch that India has an ambition to "compete" with the US and China in the startup scene:

India has updated its startup rules to better support deep tech companies in sectors like space, semiconductors, and biotech, which take longer to mature.

The government doubled the period deep tech firms can retain startup status to 20 years and raised the revenue threshold for benefits.

Backed by a ₹1 trillion ($11B) R&D fund, the move aims to provide long-term capital and reduce funding gaps.

I noticed that Asian countries and also African countries are going to invest more in their business development.

The growth will be big with such support.

How do you see India’s position in the global entrepreneurship landscape over the next decade?
Can it realistically compete with the U.S. and China in deep tech?

It seems to me that they’re strongly supporting their residents in technology through education, research, and domestic investment. I might be wrong, though, so I’d really value hearing the local perspective.