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India’s technology and space ecosystem has just witnessed a historic convergence of breakthroughs, signalling a decisive shift in the country’s AI, digital, and NewSpace trajectories. Globally, Google CEO Sundar Pichai has issued a stark warning about an emerging “AI bubble,” urging governments and enterprises to prepare for market corrections, inflated expectations, and the widening distance between genuine capability and commercial hype. His caution comes at a time when AI models are advancing at explosive speed, making the call for responsible scaling, stronger compute governance, and long-term economic sustainability more urgent than ever. Back home, India is responding with a major strategic pivot. In New Delhi, Finance Minister Nirmala Sitharaman held a high-stakes Pre-Budget meeting with the country’s most powerful tech leaders—from Google, SAP Labs, Cognizant, Yotta, and top startups—to craft India’s next decade of AI policy and digital infrastructure. The biggest message from industry was unambiguous: India needs sovereign compute, national GPU grids, and long-term indigenous cloud capabilities to reduce dependence on Western hardware pipelines. With over 38,000 GPUs being deployed under the IndiaAI Mission and new tenders in motion, the upcoming Budget is expected to prioritise semiconductors, cloud, AI infrastructure, and deep-tech R&D. Meanwhile, Karnataka has reinforced Bengaluru’s status as the country’s innovation engine with a massive ₹1 lakh crore technology and infrastructure push. This includes semiconductor fabs, green data centres, AI research corridors, and deep-tech startup districts—designed to future-proof Bengaluru against competition from other Indian states and Southeast Asian tech hubs. The state’s long-term roadmap aligns closely with global trends in mobility, manufacturing, and digital public infrastructure, putting Bengaluru at the centre of India’s next technology decade. Adding a major new highlight, HAL and L&T have successfully manufactured India’s first fully indigenous PSLV-XL—a landmark achievement that officially transitions India into a private-led launch ecosystem. With the Oceansat mission scheduled for early 2026, India is entering a scalable, commercially competitive NewSpace era where industry-built rockets accelerate ISRO’s ambitions and unlock global launch markets. Together, these four developments—Pichai’s global AI warning, India’s sovereign compute push, Bengaluru’s tech reinvention, and the HAL–L&T PSLV breakthrough—signal a powerful truth: India is not just catching up with global tech trends; it is shaping the next decade of AI, innovation, and space leadership.