India’s AI market projected to reach $17 billion by 2027: report

India’s AI market is growing at a CAGR of 25-35% and is projected to reach around $17 billion by 2027, according to a new report by BCG and IT industry apex body Nasscom.

As the investments in AI continue to increase, the demand for AI talent in India is also expected to grow at 15% CAGR by 2027, the report, titled “AI Powered Tech Services: A Roadmap for Future Ready Firms; AI & GenAI’s Role in Turbocharging the Industry” launched on the sidelines of the Nasscom Technology & Leadership Forum 2024 said.