Indian AI mkt set for $17-bn mark by 2027

Indian tech companies, with the advent of GenAI, are expanding their portfolios beyond traditional IT and BPM -- Debjani Ghosh, President, Nasscom

Mumbai: India’s AI market, growing at a compounded annual growth rate (CAGR) of 25-35 per cent is projected to reach $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.’