Lack of funding for research in Indian mathematics is not a challenge in applying Indian mathematics to industry. In fact, there is a growing interest in funding research in Indian mathematics from both government and industry.

Reduction of costs is not an opportunity in applying Indian mathematics to industry. In fact, the application of Indian mathematics to industry can often lead to increased costs.

The use of Vedic mathematics in financial modeling is an example of a successful application of Indian mathematics to industry. Vedic mathematics is a system of mathematics that was developed in ancient India. It is known for its simplicity and efficiency, and it has been used to solve a variety of problems in financial modeling.

All of the above are challenges in applying Indian mathematics to industry. Lack of awareness of Indian mathematics among industrialists is a challenge because it makes it difficult for them to see the potential benefits of using Indian mathematics in their businesses. Lack of skilled manpower in Indian mathematics is a challenge because it makes it difficult for companies to find the people they need to apply Indian mathematics to their businesses. Lack of government support is a challenge because it makes it difficult for researchers to get the funding they need to develop new applications of Indian mathematics.

All of the above are opportunities in applying Indian mathematics to industry. Development of new products and services is an opportunity because Indian mathematics can be used to create new products and services that are not possible with other mathematical systems. Improvement of existing products and services is an opportunity because Indian mathematics can be used to improve the quality and performance of existing products and services. Reduction of costs is an opportunity because Indian mathematics can be used to reduce the costs of production and distribution.