India’s AI market projected to hit $17 billion by 2027

India’s artificial intelligence (AI) market is projected to grow at a 25% CAGR to reach about $17 billion by 2027. The growth will be fuelled by multiple factors such as rising enterprise tech spending and growing AI talent base and investments.At present, the country has the second-highest installed talent base with 420,000 employees working in AI job functions. The skills penetration is also the highest with three times more AI skilled talent than other countries, according to a Nasscom-BCG AI Acceleration Survey.The country ranks among the top five nations with a 14 times growth in individuals skilled with AI in the last seven years. As the investments in AI continues to increase, the demand for AI talent in India is also expected to grow at 15% CAGR till 2027.