India’s AI market set to hit $17 billion by 2027: what drives this surge?

India’s artificial intelligence market is on a rapid growth trajectory, expected to hit $17 billion by 2027, according to a recent Boston Consulting Group (BCG) report.

This surge is fueled by a robust talent pool, with over 600,000 skilled AI professionals currently in the workforce, a number projected to more than double to 1.25 million soon.

The country has witnessed a boom in AI startups, with over 2,000 new companies emerging in just the past three years, reflecting a vibrant innovation ecosystem.

AI technologies are increasingly integrated across diverse sectors such as finance, healthcare, education, and retail. These applications are enhancing operational efficiency by speeding up decision-making, improving customer service, and fostering innovation.

The combination of a large talent base, startup momentum, and cross-sector adoption positions India as a significant player in the global AI landscape.

“India already has one of the largest pools of AI professionals in the world,” the report notes, highlighting the country’s competitive advantage.

With continued investment and development, the AI market’s expansion is expected to contribute substantially to India’s digital economy and technological leadership.

This growth story underscores the strategic importance of AI in driving economic transformation and addressing sectoral challenges through advanced technology.

India’s AI market is projected to reach $17 billion by 2027, driven by a growing workforce of over 600,000 AI professionals and more than 2,000 startups launched in three years. The technology is transforming sectors including finance, healthcare, education, and retail, enhancing decision-making and innovation.