India’s AI market to touch USD 17 billion by 2027: Nasscom-BCG report

MUMBAI: India’s AI market, growing at a compounded annual growth rate (CAGR) of 25-35 per cent is projected to reach USD 17-billion by 2027, according to a report.

This growth is fueled by multiple factors including increasing enterprise tech spending, India’s growing AI talent base and a significant increase in AI investments, the report titled “AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI’s Role in Turbocharging the Industry.”

The Nasscom report in partnership with BCG was released on Tuesday at the sidelines of the Nasscom Technology & Leadership Forum 2024 here.