According to a report by Deep Tide TechFlow, the Boston Consulting Group reports that the Indian AI market is expected to triple by 2027, reaching $17 billion. India has 16% of the world's AI talent, with approximately 600,000 professionals.
Increased investment in enterprise technology, robust digital infrastructure, and an expanding talent pool are the main factors driving growth. Financial services companies have reduced processing times by 70% through AI, retailers have improved conversion rates by 10-15%, and media companies have lowered production costs by 80%.
The Indian government has invested 10 billion rupees through the 'IndiaAI' initiative to build national computing capabilities, including over 10,000 GPUs for model training, to support the development of the AI industry.