INDIA’S Artificial Intelligence (AI) market is set to triple to US$17 billion by 2027 and is rapidly moving beyond experimental phases to become a core driver of competition and scale for Indian businesses says a report by Boston Consulting Group (BCG).
The report highlights how AI is not only boosting operational efficiency but also expanding markets, accelerating decision-making, and fostering innovation-led growth. “AI is no longer an option but a business necessity. Indian companies are using it to leapfrog traditional growth curves and compete confidently on the global stage. While the hurdle rate for successful deployment is high, the rewards are even higher, and the results speak for themselves,” said Mandeep Kohli, Managing Director and Partner, BCG India.
BCG’s report reveals that India currently boasts over 600,000 AI professionals, a number projected to double to 1.25 million. This talent pool represents 16 per cent of the global AI talent, second only to the United States. Key enablers include data scale with over 700 million internet users, infrastructure growth, and a surge of approximately 2,000 AI startups launched in the past three years.
ANI
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